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An honest discussion of free trade and how nations can sensibly chart a path forward in today's global economyNot so long ago the nation-state seemed to be on its deathbed, condemned to irrelevance by the forces of globalization and technology. Now it is back with a vengeance, propelled by a groundswell of populists around the world. In Straight Talk on Trade, Dani Rodrik, an early and outspoken critic of economic globalization taken too far, goes beyond the populist backlash and offers a more reasoned explanation for why our elites' and technocrats' obsession with hyper-globalization made it more difficult for nations to achieve legitimate economic and social objectives at home: economic prosperity, financial stability, and equity.Rodrik takes globalization's cheerleaders to task, not for emphasizing economics over other values, but for practicing bad economics and ignoring the discipline's own nuances that should have called for caution. He makes a case for a pluralist world economy where nation-states retain sufficient autonomy to fashion their own social contracts and develop economic strategies tailored to their needs. Rather than calling for closed borders or defending protectionists, Rodrik shows how we can restore a sensible balance between national and global governance. Ranging over the recent experiences of advanced countries, the eurozone, and developing nations, Rodrik charts a way forward with new ideas about how to reconcile today's inequitable economic and technological trends with liberal democracy and social inclusion.Deftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today's world economy and its dilemmas, and offers a visionary framework at a critical time when we need it most
The economics of growth has come a long way since it regained centerstage for economists in the mid-1980s. Here for the first time is aseries of country studies guided by that research. The thirteenessays, by leading economists, shed light on some of the mostimportant growth puzzles of our time. How did China grow so rapidlydespite the absence of full-fledged private property rights? Whathappened in India after the early 1980s to more than double its growthrate? How did Botswana and Mauritius avoid the problems that othercountries in sub--Saharan Africa succumbed to? How did Indonesiamanage t
World Affairs Online
In: Discussion paper series 6764
In: Development economics and public policy
Intro -- One Economics, Many Recipes: Globalization, Institutions, and Economic Growth -- Contents -- Acknowledgments -- Introduction -- PART A: ECONOMIC GROWTH -- 1. Fifty Years of Growth (and Lack Thereof): An Interpretation -- 2. Growth Diagnostics -- 3. Synthesis: A Practical Approach to Growth Strategies -- PART B: INSTITUTIONS -- 4. Industrial Policy for the Twenty-first Century -- 5. Institutions for High-Quality Growth -- 6. Getting Institutions Right -- PART C: GLOBALIZATION -- 7. Governance of Economic Globalization -- 8. The Global Governance of Trade As If Development Really Mattered -- 9. Globalization for Whom? -- References -- Index
In: Discussion paper series 6494
In: Development economics, international macroeconomcis, international trade and public policy
In: NBER working paper series 11952