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Has Globalization Gone Too Far?, by Dani Rodrik
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This text examines the benefits and risks of international economic integration, and criticizes mainstream economists for not emphasizing its dangers. It argues that the winners have as much at stake from the possible consequences of social instability exposed by globalization, as the losers.
- Sales Rank: #709651 in Books
- Brand: Brand: Institute for International Economics
- Published on: 1997-03-01
- Original language: English
- Number of items: 1
- Dimensions: 9.50" h x 6.25" w x .50" l, .50 pounds
- Binding: Paperback
- 108 pages
- Used Book in Good Condition
Most helpful customer reviews
0 of 0 people found the following review helpful.
Three Stars
By msangel2
Purchased for a faculty member and I received no complaints.
3 of 3 people found the following review helpful.
Social criticism. Economic framework.
By Darryl Knudsen
This is the book you need if you want to be able to justify an inner sense that "something's wrong in Denmark" with the economic models that prove it. Shortly before protesters scuttled the trade talks in 1998 in Seattle, Rodrik, part of the Harvard establishment at the time, set down in this short 1997 pamphlet the reasons economic theory explains and justifies such social discontent.
He even graphs it.
Rodrik locates just where on those economic graphs the causes of social discontent can be predicted to arise through the very economic models that were being used to dismiss the validity of the protesters' concerns at the time. Blending political science and economic theory, his approach is that of an economist speaking to economists in their own language, even though the topic of conversation was all too rare at the time. The result is an argument that is much more difficult to dismiss as "naive" and "misguided" than the incendiary placards and 10-foot puppets of the street theater protesters were.
It is an engaging book, but you will need some understanding of economic theory and a nerdy love of 2-axis graphs and empirical comparative analysis to fully appreciate what it has to offer.
Rodrik's basic argument is that the economic globalization of trade & capital flows may create overall growth; however, it also creates the demand for policies that offset its negative effects, which include a 1) increased vulnerability of workers (working & middle class) in a policy environment of mobile capital and immobile labor; 2) a heightened demand for state social protections as economies open more fully to trade (backed by empirical correlative analysis); 3) the weakened ability of states to create a tax base to support such protections in the face of mobile capital, and 3) policy suggestions to address these issues.
A tremendous book.
17 of 18 people found the following review helpful.
ONE OF THE BEST BOOKS ON THE TOPIC!
By A Customer
Seldom can one find an economist whose sensitivity to political and social issues coexist in perfect harmony with a technically impecable background. Rodrik is one such rare creature. His book addresses the issue of globalization, defying economic theories and pointing straight to the problem: globalization engenders social instability, that in turn unables financial/economic stability to be sustained. Accoridng to Rodrik, unless attention is given to the "lossers" of this process, protectionism may strike back. Rodrik is successful in showing that globalization is NOT "the end of history", and should not be taken for granted.
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