The Globalization Paradox

The Globalization Paradox Why Global Markets, States, and Democracy Can't Coexist

Paperback (17 May 2012)

  • $16.35
Add to basket

Includes delivery to the United States

10+ copies available online - Usually dispatched within 72 hours

Publisher's Synopsis

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik's argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Book information

ISBN: 9780199652525
Publisher: OUP OXFORD
Imprint: Oxford University Press
Pub date:
DEWEY: 337
DEWEY edition: 23
Language: English
Number of pages: 370
Weight: 576g
Height: 152mm
Width: 233mm
Spine width: 19mm