The Globalization Paradox By Dani Rodrik - 1464 Words

In The Globalization Paradox, Dani Rodrik articulates a reasoned, cohesive argument which calls for the temperament of unbridled, dogmatic globalization as advocated by the current international status quo. The essence of the paradox Rodrik describes is that globalization does indeed offer the opportunity to induce significant growth, but only when the process is done in a manner which takes into account the economic complexities of any specific country. As a clear advocate for the benefits of global trade, he is not by any means promoting a full return to the era of protectionism, but instead calls for a limited inclusion of moderately protectionist policies into sectors of the modern global economy where they may serve the ultimate goal of development. Overall, he believes that hyperglobalization as a whole is a futile goal to achieve, and is pragmatically undesirable anyway. Rodrik describes an impossible trilemma of the global economy, torn between hyperglobalization, the nation- state and democratic politics. Rodrik prefers the sacrifice of hyperglobalization rather than that of the other two, placing particular emphasis on national soverignty.1 He desires to retain the nation-state as an important institution in economic affairs on the basis that too much diversity exists globally, and it is essentially impossible to reconcile different values. The overly homogenizing effect of the WTO, and its assumption of powers traditionally afforded to the state apparatus haveShow MoreRelatedThe Application of Bourdieus Theory to Neoliberal Principles and Practices820 Words   |  3 Pagesdominant fractions are neoliberal conservative think tanks planted in the western modern world organizations for policy making such as IMF, WTO and the World Bank. They impose neoliberal beliefs and practices upon developing nations in the name of globalization. These organizations and developing countries have a political relationship that is acknowledged by both parties, which is the basis that allows symbolic violence to take place. Their policies would be considered capital in this political fieldRead MoreFacets And Trends Of International Economic Cooperation1889 Words   |  8 Pageshuge, frustrating attempts to narrow in on and accurately study a select topic. One commonly observed trend is that of economic globalization, the phenomenon wherein countries’ economic situations, bolstered by increased international economic cooperation, can become significantly dependent on other countries. Despite its seemingly inexorable nature, however, globalization - and international economic cooperation in general - is not a fixed variable in international affairs, nor has it ever been. ManyRead MoreThe Asian Financial Crisis Of 19972364 Words   |  10 Pagesworks of Charles Kindleberger, Krippner, and Dani Rodrik are analyzed and compared. While the crisis has many components that ultimately suggest that conjoined multiple factors are potentially to blame , these authors suggest that specific instances are the main culprit. In essence, Kindleberger states that investor and lender speculation deemed the crisis inevitable, Krippner condemns government policies, while Rodrik suggests that hyper-globalization is to blame. In order to analyze the causesRead MoreCorporate Responsibility And Globalization Of Foreign Trade2525 Words   |  11 PagesINST 4000 Thesis Ximena de la Camara Campuzano Corporate Responsibility and Globalization Liberalization of foreign trade: Some of the biggest issue s in today’s economy is the push for liberalization of foreign trade in developing countries. By compelling nations to modify and ease their trading systems so it can be free from regulations while promoting free trade, only weakens their authority. Trade liberalization needs the reduction of governmental restrictions and intervention so the trade