Globalization Paradox Democracy and the Future of the World Economy

ISBN-10: 0393071618
ISBN-13: 9780393071610
Edition: 2011
Authors: Dani Rodrik
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Description: From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization's promise. The economic narratives that  More...

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Book details

List price: $26.95
Copyright year: 2011
Publisher: W. W. Norton & Company, Incorporated
Publication date: 2/21/2011
Binding: Hardcover
Pages: 368
Size: 6.25" wide x 9.25" long x 1.50" tall
Weight: 1.650
Language: English

From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization's promise. The economic narratives that underpinned these eras-the gold standard, the Bretton Woods regime, the "Washington Consensus"-brought great success and great failure. In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik offers a new narrative, one that embraces an ineluctable tension: we cannot simultaneously pursue democracy, national self-determination, and economic globalization. When the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.

Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).Dani Rodrik is Associate Professor of Public Policy at the Kennedy School, Harvard University.

Introduction: Recasting Globalization's Narrative
Of Markets and States: Globalization in History's Mirror
The Rise and Fall of the First Great Globalization
Why Doesn't Everyone Get the Case for Free Trade?
Bretton Woods, GATT, and the WTO: Trade in a Politicized World
Financial Globalization Follies
The Foxes and hedgehogs of Finance
Poor Countries in a Rich World
Trade Fundamentalism in the Tropics
The Political Trilemma of the World Economy
Is Global Governance Feasible? Is It Desirable?
Designing Capitalism 3.0
A Sane Globalization
Afterword: A Bedtime Story for Grown-ups
Notes
Acknowledgments
Index

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