The Globalization Paradox

The Globalization Paradox
Author: Dani Rodrik
Publisher: OUP Oxford
Total Pages: 442
Release: 2012-05-17
Genre: Political Science
ISBN: 0191634255

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Globalisation and Deglobalisation

Globalisation and Deglobalisation
Author:
Publisher:
Total Pages: 365
Release: 2018
Genre:
ISBN: 9789292592318

Globalisation has had a profound effect on economic outcomes, especially in emerging market economies (EMEs). In particular, it is widely acknowledged to have been a major driver of the strong income growth and reduction in poverty witnessed in EMEs in the past few decades. Despite these benefits, there has recently been a backlash against globalisation and growing support for inward looking policies in many parts of the world. Against this backdrop, this volume takes stock of the EME experience with two facets of globalisation-trade and migration. It summarises different country experiences with regard to the aggregate as well as distributional consequences. In doing so, it highlights several examples and avenues for policy action to continue to harness the benefits of globalisation while limiting the costs.

Globalization, Deglobalization, and New Paradigms in Business

Globalization, Deglobalization, and New Paradigms in Business
Author: Justin Paul
Publisher: Springer Nature
Total Pages: 257
Release: 2021-10-18
Genre: Business & Economics
ISBN: 3030815846

This book analyzes the changing dynamics of competition and the emergence of deglobalization trends and processes. The authors begin by explaining the role of technology on globalization and its impact on competitive strategy. Then, they present a theoretical framework that outlines the connection between globalization and modern society. The book also delves into the shift toward deglobalization and addresses how the onset of the COVID-10 pandemic has accelerated the process. Concluding with a discussion of how the 4th Industrial Revolution has resulted in new paradigms for business, this book will fill a gap through its investigation of an emerging concept for scholars in international business.

Why Globalization Works

Why Globalization Works
Author: Martin Wolf
Publisher: Yale University Press
Total Pages: 690
Release: 2005-06-10
Genre: Business & Economics
ISBN: 0300251734

A powerful case for the global market economy The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future. Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

The Fruits of the Early Globalization

The Fruits of the Early Globalization
Author: Rafael Dobado-González
Publisher: Springer Nature
Total Pages: 329
Release: 2021-06-02
Genre: Business & Economics
ISBN: 3030696669

This book presents an unusual view on one of the most influential periods in world economic history: the Early Globalization. By this term, the notion that a process of genuine globalization took place in the Early Modern Era is defended. The authors propose that the canonical globalization—that of the nineteenth and early twentieth centuries—was preceded by a century-long increasing economic integration between continents that were non-existent before 1492. The economic aspects of the Early Globalization, like market integration, price co-movements and international silver circulation, were very important. Notwithstanding, other dimensions of human life, which were affected by unprecedented intercontinental contacts, including free and forced migrations, changes in tastes and consumption, etc. The Fruits of Globalisation deals with some of the most important issues among the former and the latter. The book combines approaches from different disciplines, including quantitative and non-quantitative economic history, econometrics, international trade and demography. Overall, the vision of the Early Globalisation offered in this book is less pessimistic than in mainstream literature on the period.

Globalization for Development

Globalization for Development
Author: Ian Goldin
Publisher: World Bank Publications
Total Pages: 332
Release: 2007-05-16
Genre: Business & Economics
ISBN: 082136930X

Globalization and its relation to poverty reduction and development is not well understood. The book identifies the ways in which globalization can overcome poverty or make it worse. The book defines the big historical trends, identifies main global flows - trade, finance, aid, migration, and ideas - and examines how each can contribute to undermine economic development. By considering what helps and what does not, the book presents policy recommendations to make globalization more effective as a vehicle for shared growth and prosperity. It will be of interest to students, researchers and anyone interested in the effects of globalization in today's economy and in international development issues.

The Dark Side of Globalisation

The Dark Side of Globalisation
Author: Leila Simona Talani
Publisher: Springer
Total Pages: 232
Release: 2019-03-28
Genre: Political Science
ISBN: 303005117X

Firmly rooted in the International Political Economy (IPE) tradition, this book addresses the negative consequences of globalisation, what is termed here the ‘dark side of globalisation’. It explores different definitions of globalisation, whether the globalisation we have seen since the 1970s is substantially new, and to what extent it can be governed. Building on these foundations, the work assesses the prospects for de-globalisation. By focusing on this dark side of globalistion, the authors show how the global economic crisis, and its various local and sectorial manifestations, intensified – rather than generated – existing trends. This scholarship provides an account of the current predicament that is both more complex and more persuasive than the opposition between globalisation and de-globalisation.

Deglobalization 2.0

Deglobalization 2.0
Author: Peter A.G. van Bergeijk
Publisher: Edward Elgar Publishing
Total Pages: 224
Release: 2019
Genre: Business & Economics
ISBN: 1788973461

Deglobalization 2.0 argues that Trump and Brexit are the symptoms, and not the causes, of a long sequence of alternating phases of globalization and deglobalization driven by increasing income inequality and the retreat from the global stage by a contested hegemon. Providing rich empirical details, Peter van Bergeijk investigates similarities and differences between the Great Depression of the 1930s and the Great Recession and its aftermath of a slowdown in global trade. Providing an overview of recent findings and a discussion of contributions from several disciplines, the book investigates scenarios for the future of the economic world order and proposes possible solutions.

Economic Globalization and Governance

Economic Globalization and Governance
Author: Luís Brites Pereira
Publisher: Springer Nature
Total Pages: 339
Release: 2020-10-16
Genre: Business & Economics
ISBN: 3030532658

Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.

Reglobalization

Reglobalization
Author: Matthew Louis Bishop
Publisher: Routledge
Total Pages: 200
Release: 2021-03-12
Genre: Political Science
ISBN: 1000373703

This book charts the way towards a better, repurposed globalization, which it calls ‘reglobalization’, and shows how this can be built, incrementally but realistically, via reforms to the partial and fragile existing structures of global governance. In making this argument, the book firmly rejects the new fashion for a politics of deglobalization, which has appeared of late in both left-wing and right-wing variants. Instead, it suggests that a reformed Group of 20 (G20), for all its current inadequacies, can still provide the critical coordinating function that the management of a process of reglobalization requires. The book argues that globalization is too important to be lost; rather, it needs to be saved from its capture by neoliberalism and rebuilt around different values for a post-neoliberal era. The emergence of global pandemic as an issue only goes to emphasise the necessity, importance and urgency of the reglobalization project. Reglobalization is essential reading for everybody living in the era of globalization, which is all of us, and worried about its many economic, social and political problems, which is a growing number of us. The chapters in this book were originally published in the journal Globalizations.