Has Globalization Gone Too Far?

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Institute for International Economics, 1997 - Employment (Economic theory) - 108 pages

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 knee-jerk rhetoric of both sides threatens to crowd out rational debate. From the United States to Europe to Asia, positions are hardening.

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 read the book and it provided the conceptual basis for the trade/IMF portions of his State of the Union message in January 1998.

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Contents

Introduction
1
Now and Then
7
Tensions between Trade and Domestic Social Arrangements
29
Copyright

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Common terms and phrases

1994 ISBN paper advanced industrial countries antidumping argued Avinash Dixit benefits changes child labor comparative advantage competition conflict consequences 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 Kimberly Ann labor demand labor markets labor standards levels liberalization low-skilled Maastricht measure ment norms OECD open economy outsourcing percent policymakers political practices production protectionism protectionist reduce regression relative Rodrik role safeguard 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 unions United Kingdom variables volatility wages workers World Economy

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About the author (1997)

Dani Rodrik is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of the Social Sciences at the Institute for Advanced Study in Princeton, New Jersey. He has published widely in the areas of international economics, economic development, and political economy. The question of what constitutes good economic policy and why some governments are more successful than others at adopting it, is at the center of his research. His works include Economic Rules: The Rights and Wrongs of the Dismal Science and The Globalization Paradox: Democracy and the Future of the World Economy. He is also joint editor-in-chief of the academic journal Global Policy.

Bibliographic information

TitleHas Globalization Gone Too Far?
Institute for International Economics
Policy analyses in international economics
AuthorDani Rodrik
Editionillustrated
PublisherInstitute for International Economics, 1997
Original fromthe University of California
DigitizedAug 6, 2008
ISBN0881322415, 9780881322415
Length108 pages
  
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