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The globalization paradox : democracy and the future of the world economy

Author: Dani Rodrik
Publisher: New York ; London : W. W. Norton & Co., ©2011.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
Discusses how democracy and national self-determination cannot be pursued simultaneously with economic globalization and instead promotes customizable globalization with international rules to achieve balanced prosperity.
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Document Type: Book
All Authors / Contributors: Dani Rodrik
ISBN: 9780393071610 0393071618 9780393341287 0393341283
OCLC Number: 601107542
Description: xxii, 346 p. ; 25 cm.
Contents: 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 --
A sane globalization --
A bedtime story for grown-ups.
Other Titles: Democracy and the future of the world economy
Responsibility: Dani Rodrik.

Abstract:

Discusses how democracy and national self-determination cannot be pursued simultaneously with economic globalization and instead promotes customizable globalization with international rules to achieve balanced prosperity.

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.

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