Book description
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,ā¦
Why read it?
2 authors picked The Globalization Paradox as one of their favorite books. Why do they recommend it?
This is one of the most influential books on economic globalization written in the last decade, and it will certainly continue to be crucial to understand the future of globalization.
Rodrikās Globalization Paradox pinpoints the key policy trade-offs in a globalized economy: If policymakers opt for āhyper-globalizationā while insisting on national decision-making, they could find their societies in the āgolden straitjacketā of global capitalism.
Alternatively, they could give up sovereignty to democratically legitimized āglobal governanceā.
As the latter is difficult to achieve and often unacceptable to national policymakers, Rodrik argues for limiting hyper-globalization.
The existence of a globalization paradox asā¦
From Harald's list on how to make globalization work for all people.
Those who advocate most strongly for open borders and free trade ā typically economists āfocus their arguments on economic growth. Rodrik demonstrates that in opening borders something is lost, however, beyond the typical costs born by laid off manufacturing workers. Free trade can only be achieved with corollary changes in governance: to achieve truly open borders for goods, services, and capital, either democratic responsiveness or national self-determination will be casualties. Rodrikās case for āyou canāt have it allā is compelling.
From Pietra's list on economics and globalization.
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