Rodrik

Rodrik - How to Save Globalization From Its Cheerleaders...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
How to Save Globalization From Its Cheerleaders Dani Rodrik I. His basic point is… The world since 1950 has witnessed rapid economic growth… Globalization may be the major engine of economic growth, but it has several paradoxes… He says that the problem of developing countries is not (as is popularly believed) inadequate access to markets, but rather lack of policy space. II. Paradoxes of Globalization -The countries that benefit most from globalization are the ones that do not have open markets (China, Vietnam) whereas countries with open markets (like those in Latin America) do not benefit. -Financial globalization does not help developing countries but rather causes financial crashes (Mexico, Thailand, etc.) -Globalization remains restricted in the areas where relaxation of barriers would yield greatest benefits. -Globalization is unpopular in advanced countries as well III. His main thoughts -Globalization contributes to rising inequality, stagnant median wages, and growing sense
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

Rodrik - How to Save Globalization From Its Cheerleaders...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online