The paradox of globalization: Democracy and the future of the world economy
dani rodrik
2011, WW Norton & Company
Dani Rodrik surveys three centuries of economic history and argues for a leaner global system that puts national democracies front and center. From the commercial monopolies of 17th-century empires to the modern-day authorities of the WTO, IMF, and World Bank, the world's nations have struggled to effectively harness the promise of globalization. The economic stories that underpinned these eras—the gold standard, the Bretton Woods system, the “Washington Consensus”—were both great successes and great failures.
In this eloquent challenge to the dominant wisdom about globalization, Dani Rodrik presents a new narrative with inevitable tensions within it. That is, we cannot simultaneously pursue democracy, national self-determination, and economic globalization. When democratic social arrangements inevitably conflict with the international demands of globalization, national priorities should prevail. Combining history and insight, humor and witty critique, Rodrik's argument is that customizable globalization, underpinned by a light framework of international rules, addresses the global challenges of today's trade, finance and labor markets. It points the way to balanced prosperity in the face of challenges.
The paradox of globalization at Amazon: Democracy and the future of the world economy.
