Has Globalization Gone Too Far?
Globalization is exposing social fissures between those with the education, skills, and mobility to flourish in an unfettered world market-the apparent "winners"-and those without. These apparent "losers" are increasingly anxious about their standards of living and their precarious place in an integrated world economy. The result is severe tension between the market and broad sectors of society, with governments caught in the middle.Compounding the very real problems that need to be addressed by all involved, the kneejerk rhetoric of both sides threatens to crowd out rational debate. From the United States to Europe to Asia, positions are hardening. Author Dani Rodrik brings a clear and reasoned voice to these questions. Has Globalization Gone Too Far? takes an unblinking and objective look at the benefits-and risks-of international economic integration, and criticizes mainstream economists for downplaying its dangers. It also makes a unique and persuasive case that the "winners" have as much at stake from the possible consequences of social instability as the "losers." As Rodrik points out, ." . . social disintegration is not a spectator sport-those on the sidelines also get splashed with mud from the field. Ultimately, the deepening of social fissures can harm all." President Clinton has read the book and it provided the conceptual basis for the trade/IMF portions of the State of the Union message in January 1998.
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Consequences of Trade for Labor Markets and the Employment
Tensions between Trade and Domestic Social Arrangements
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1996 ISBN paper advanced industrial countries antidumping argued Avinash Dixit benefits changes child labor comparative advantage competition conflict cross-country Dani Rodrik debate developing countries differences economists effect elasticity of demand empirical employers employment escape clause Europe European evidence example expected utility exports exposure to external external risk foreign Fred Bergsten free trade Gary Clyde Hufbauer government consumption government spending greater groups Hence imports income transfers increase inequality institutions international trade ISBN cloth Japan Jeffrey John Williamson keiretsu labor demand labor markets labor standards levels liberalization Maastricht norms OECD open economy outsourcing percent policymakers political postwar practices production protectionism protectionist reduce regression relative Rodrik role safeguard security and welfare share significant skill premium social insurance social policies social security social spending society tax on capital tension terms of trade terms-of-trade tion trade policy trade restrictions unions United Kingdom variables volatility wages World Economy
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