The Globalization Paradox: Democracy and the Future of the World Economy

The Globalization Paradox: Democracy and the Future of the World Economy

Dani Rodrik / Jun 20, 2019

The Globalization Paradox Democracy and the Future of the World Economy In this eloquent challenge to the reigning wisdom on globalization Dani Rodrik reminds us of the importance of the nation state arguing forcefully that when the social arrangements of democracies in

  • Title: The Globalization Paradox: Democracy and the Future of the World Economy
  • Author: Dani Rodrik
  • ISBN: 9780393341287
  • Page: 140
  • Format: Paperback
  • In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation state, arguing forcefully that 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, RIn this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation state, arguing forcefully that 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.

    The Globalization Paradox Democracy and the Future of the The Globalization Paradox Democracy and the Future of the World Economy Dani Rodrik on FREE shipping on qualifying offers Cogent, well written critiques unalloyed globalization enthusiasts, taking aim at their desire to fully liberalize foreign trade ad capital movements Foreign Affairs In this eloquent challenge to the reigning wisdom on globalization Dani Rodrik s The Globalization Paradox Mar , Dani Rodrik s The Globalization Paradox The paradox, as Rodrik sees it, is that globalization will work for everyone only if all countries abide by the same set of rules, hammered out and enforced by some form of technocratic global government The reality is, however, that most countries are unwilling to give up their sovereignty, The Globalization Paradox Democracy and the Future of the Abstract 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. The Globalization Paradox Democracy and the Future of the Dec , The Globalization Paradox Democracy and the Future of the World Economy 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 The globalization paradox Making It Magazine Aug , The globalization paradox The requisite rules are embedded in macroeconomic institutions institutions of monetary and fiscal stabilization and in broader governance, in political institutions that also provide safety nets, social protection, the welfare state, and ultimately, of course, in political democracy, Rodrik The Globalization Paradox PIIE Rodrik The Globalization Paradox In Rodrik s account, the nation state that passes the tipping point either loses its machismo or its people surrender their democratic rights The globalization we know in today s world of the WTO, free trade agreements, the IMF, and the World Bank

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      Posted by:Dani Rodrik
      Published :2019-02-03T23:20:39+00:00

    About "Dani Rodrik"

      • Dani Rodrik

        Dani Rodrik is the Rafiq Hariri Professor of International Political Economy at the John F Kennedy School of Government at Harvard University He lives in Cambridge, Massachusetts.


    828 Comments

    1. Rodrick's trilemma states that we cannot simultaneously pursue democracy, national determination, and economic globalization. We can hold a maximum of two factors at the same time. Holding onto democracy and economic globalization and elimination the nation state is the ideal solution. In this scenario, everything from labor to goods to capital flows would be released to move freely without barriers. A world economy functioning as the United States would be much more efficient at distributing la [...]


    2. Well written. One important point, from all the other political books, this book is outstandingly clear and to the point.


    3. Rodrik configures a triangle: "hyperglobalization," democracy and national self-determination--and posits that only two of the three corners of the triangle can hold. Given the impossibility of a system of global governance, the choice is either to eliminate democracy and ignore domestic interests in favor of a global laissez-faire economic policy with liberalized trade as well as finance, or to reduce the ambitions of globalization, being content with the liberalization of trade to date and slo [...]


    4. This book helps explain a lot of the hostility we've seen this year with Brexit and Trump, I think: Rodrik argues we can't have hyper-globalisation, democracy and national self-determination all at once; only two of three is sustainable. So rather than pushing for very high levels of economic integration that minimise states' ability to respond to what the people want -- restrictions of the type pushed through free trade agreements, the World Trade Organization and so on -- it's more sensible to [...]


    5. A highly accessible explanation of the pros and cons of globalization. Readable and chronological, the book explores the history of our increasingly globalized world and why our current questions have been asked throughout time. Importantly, it posits that it is essential that countries maintain their own values while developing a global outlook. No matter what you may feel about globalization, you will have your eyes opened by this pivotal piece. And I recognize that neither the US nor China is [...]


    6. This book is pretty much what my macroeconomics professor was trying to teach me, but much more interesting. The author does a nice job explaining some very complex topics in a way the lay reader can understand.


    7. This book tries to go after the following question: "if we want to increase our economic growth, should we throw ourselves open to the forces emanating from the world economy, or protect ourselves from them?" Rodrik puts forth nuanced arguments suggesting countries have lost much as they opened themselves. I'll start with the merits of the book and the author's arguments: 1. He sets the stage well, opening with Hudson's Bay, the world's first joint stock trading company. He goes on to explain ev [...]


    8. Cited as one of the few economics books which predicted the recent upheavals such as the rise of Trump, Sanders and particularly the Brexit vote, Rodrik's Central thesis is what he calls the political trilemma of the world economy - that it is possible to have any two of hyper-globalisation, democracy and national self-determination but not all three. He concludes that global government for now is a largely utopian dream (hence ruling out the dropping of the national state). He characterises muc [...]


    9. I really wish I could give a 3.5 in : I liked this book for more than a 3, but probably less than a 4.Overall, I'm quite happy I read Rodrik's book. It's very wel written, even entertaining (I have to say that it made me laugh a lot while reading) and enjoyable. This is not often the case when it comes to this king of books.What I iked most about it was its critical reflection of globalization. The historical perspective is very well constructed and makes a very convincing case for being cautiou [...]


    10. "When domestic needs clash with the requirements of the global economy, domestic needs emerge victorious "So what is globalization about anyway? In three words: “Minimizing transaction costs”. Trade is accomplished basically in three ways: Long term relationships, belief systems and third party enforcement. You need something to ensure the next guy isn’t going to screw you. Contrary to what we may have thought, globalization didn’t start in the 1980s but rather has been around since stea [...]


    11. It took me more than two months to finish this short-ish book, so I wouldn't call it a pageturner, but it did me teach me a lot about international economics, trade agreements and sovereignty issues. I would recommend it to anyone trying to make sense of the whole CETA-TTIP affair and the current backlash against hyperglobalization.


    12. Political trilemma of the world economyCan not be achieved at the same time , taking any two can not be achieved one or any remaining1. " globalization ( international economic integration ) "2. " national sovereignty ( independence of the state ) ."3. " democracy ( personal freedom ) "ref. enpedia/wiki/Impossib


    13. In The Globalization Paradox, Rodrik, in time, gets to the argument that pathways to economic development should be country-specific and domestically driven. It is unfortunate he spends the better part of the book in the post-financial-crisis-blame-game muck, admonishing his economist peers for their errors in trade theory previous to the crisis, while self styling himself as one of the few rouges in the profession standing in opposition to this orthodoxy. His caricature of the (macro) economic [...]


    14. A very compelling book. Rodrik traces the history of modern globalisation and the complimentary ideologies expertly. Throughout this narrative he highlights successes, failures and other features of each phase. This allows to him to deliver compelling concluding arguments relating to his globalisation trilemma (a choice of two between sovereignty, democracy or globalisation). It also makes it incredibly readable, even to a non-academic audience. I do think that some of the arguments are a bit un [...]


    15. This was written in 2011, but it's a fair bet that no-one who backs Brexit has read this. Rodrik explains that with the menu of Hyperglobalisation (total openness to all trade), National Sovereignty (control over borders, immigration etc) and Domestic Politics (legislating for human rights, working practices etc), a country can have at most two of these three. Unfortunately Brexit politicians have promised all of them because they are profoundly terrible and ignorant people. Anyway this book is [...]


    16. This is the best and most sensible book I have ever read on the subject of globalization and international trade. The author has a clear understanding of the history, policy considerations, and economics, and, unlike most economists, he has his head screwed on right. Good, sensible policy recommendations--I only wish I had read it seven years ago when I first bought this book!


    17. Clear and preciseReally opened my eyes for many important discussions. In particular the trilemma between nation, democracy and globalization deserves to be known in the common public




    18. Rodrik initially establishes infrastructure by states as supplement to markets, through a brief review of the development from mercantilism to capitalism. More elaborately, he reviews the monetary policies/regimes since appr. 1800.He discusses the argument against free trade based on the redistributional effects, which act as a negative externality, increasing the social costs of trade. The argument is similar to that of luddites on technological progress, except the extent of social costs/exter [...]


    19. Globalization first reared its tentative head, courtesy a revisionist package popularly known as the "Washington Consensus". The term was coined in 1989 by John Williamson and represented as its edifice three indispensable words: stabilize; liberalize; and privatize. Two and a half decades and a crippling recession later, the world is still coming to grips with the shock and awe impact caused by a rampant globalization that had its most fervent advocates fleeing for life!In this compelling work, [...]


    20. I'll be honest I didn't purchase this book because I was interested in Global Economy. It was book required for my class. However, I must say I appreciate Rodrik's way of simplifying terms making it possible for a busy college student as myself to understand it without doubling back multiple times. Other than that, the subject isn't much to my interest.


    21. Rodrik cherry picks his data, misrepresents the work of "conservative" authors he disagrees with and appears to come to his conclusions based on his political orientation rather than the empirical evidence.Yet despite his intense desire to discredit economists and politicians he disagrees with (He makes a habit of taking quotes of others out of context making those he disagrees with appear to lack sophistication or concern for nuance and context), he was forced to admit that trade and globalizat [...]


    22. Rodrik presents an interesting take on the dynamics of globalization, democracy, and nationhood. Throughout the book he makes it clear he is in favor of a return to a system similar to the old Bretton Woods institutions in order to allow for more nationally driven economic development. He does a very good job presenting a balanced view of both sides, but his conclusion lacks the uniform coherency I was expecting. He seems to reside in an entirely economic world devoid of both real consequences a [...]


    23. I've always been a believer in "free trade" and "globalization" but after reading this book I see there are many nuances to consider in these economic concepts and for anyone interested in these subjects I think you will learn a lot. Unlike many books on economics, it is quite accessible and I have to say quite enlightening.


    24. Okay, okay, okay. I know it's unusual for me to rate a non-fiction book so highly (and I'm betting fans of hyper globalization will probably take offense at my use of the term "non-fiction".) I was pleasantly surprised by the readability of a book about such a heavy topic. This economist actually has a sense of humor and the fact that he trashes many of his fellow economists throughout gives an extra kick of, shall I say, fun. Glad to be finished but also glad to feel a little more informedwhich [...]


    25. The book seems interesting when reading the back summary and initial pages of the introduction. However, that is where interesting ends. Not to say it is totally bad, it has some useful information, but as a read it is really hard to follow, as it seems fairly obvious the author is not a writer. It is hard for him to fall on one argument and work around it, as it seems like he is constantly trying to derail from the main argument but slightly comes back every once in a while. Overall the idea of [...]


    26. A must read. It is a far reaching evolution from his thoughts and previous books on trade and financial liberalization. In many ways really makes you think what the true challenges of globalization are. Based on a Mundell-Fleming style modeling brings up the issue that we cannot simultaneously pursue democracy, national self-determination and "hyperglobalization". From his point of view only two out of three are possible or melt down will turn out to be the outcome sooner than later. For Rodrik [...]


    27. Dani's book offers an unconventional contrarian view at globalization with critiques for widespread economic policies that today hold sway:- from the herd messengers who acclaim globalization as the one-size-fits-all solution for prosperity of nations, to hard truths about the counsel of economists to struggling economies despite the trove of blunders inherent in their logic. At some points, he delves into political economy history, discussing about mercantilism and the economic strategy perpetr [...]


    28. Rodrick argues here that globalization faces a trilateral dilemma that is irresolvable - that, as a global society, we cannot simultaneously have sovereign states, national democracy, and hyper-integrated global markets in trade and capital. At best, we can have two, but to do so we have to give up the benefits of one. That means globalization's future, if we continue down the path of further economic integration, is one where we have to give up on national sovereignty or political democracy - n [...]


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