Has Globalization Gone Too Far?Columbia University Press, 1997 M03 1 - 128 pages Globalization is exposing social fissures between those with the education, skills, and mobility to flourish in an unfettered world market—the apparent "winners"—and those without. These apparent "losers" are increasingly anxious about their standards of living and their precarious place in an integrated world economy. The result is severe tension between the market and broad sectors of society, with governments caught in the middle. Compounding the very real problems that need to be addressed by all involved, the knee-jerk rhetoric of both sides threatens to crowd out rational debate. From the United States to Europe to Asia, positions are hardening. Dani Rodrik brings a clear and reasoned voice to these questions. Has Globalization Gone Too Far? takes an unblinking and objective look at the benefits—and risks—of international economic integration, and criticizes mainstream economists for downplaying its dangers. It also makes a unique and persuasive case that the "winners" have as much at stake from the possible consequences of social instability as the "losers." As Rodrik points out, ". . . social disintegration is not a spectator sport—those on the sidelines also get splashed with mud from the field. Ultimately, the deepening of social fissures can harm all." President Clinton read the book and it provided the conceptual basis for the trade/IMF portions of his State of the Union message in January 1998. |
Contents
Ch 1
Introduction | 1 |
Ch 2 Consequences of Trade for Labor Markets and the Employment Relationship | 11 |
Ch 3 Tensions between Trade and Domestic Social Arrangements | 29 |
Ch 4 Trade and the Demand for Social Insurance | 49 |
Ch 5
Implications | 69 |
Appendix A | 89 |
Appendix B | 96 |
97 | |
103 | |
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Common terms and phrases
advanced industrial countries antidumping argued argument Avinash Dixit bargaining power benefits child labor comparative advantage competition conflict consumption risk Dani Rodrik debate demand curve developing countries differences discussed earnings economists effect elasticity of demand employers employment equilibrium escape clause European example expected utility exports exposure to external external risk factor endowments fair firms foreign Fred Bergsten free trade government spending greater groups Hence imports income transfers increase institutions international trade investment Japan John Ruggie keiretsu labor costs labor demand labor markets labor standards levels liberalization Maastricht Maastricht criteria measure ment multilateral OECD open economy outsourcing Patrick Buchanan percent policymakers political postwar practices protectionism protectionist reduce regression relative Rodrik role safeguard security and welfare share significant skill premium social insurance social policies social security social spending society tax on capital tension terms-of-trade tion trade policy trade restrictions unions United Kingdom unskilled variables volatility