Monday, June 13, 2011

The Globalization Paradox, a great new book from Dani Rodrik


Dani Rodrik is one of the handful of heterodox heroes, prominent economists who took on the lazy thinking of the Washington Consensus Rodrikin its prime, and continue to dance productively on its grave. His latest book, The Globalization Paradox: Why Global Markets, States and Democracy Can’t Coexist, feels like a Big Book, one that may shape a new way of thinking about the global economy.
It draws together several strands of Rodrik’s previous work on the WTO, growth take-offs, and the origins of the Global Financial Crisis into a single coherent whole. The result is one of the best critiques I’ve seen of the Washington Consensus. As he points out, with a paralysed global trade round, the collapse in financial globalization, and the rise of un-liberal China, the ‘stabilize, liberalize, privatize’ mantra of the early 1990s is wracked by self-doubt and well past its sell by date. A paradigm shift would seem imminent, but the old ways linger on partly for lack of a clear alternative. In The Globalization Paradox, Rodrik tries to address that gap.

The Globalization Paradox, a great new book from Dani Rodrik

http://www.project-syndicate.org/commentary/rodrik56/English

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