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* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. As you read this summary, you will learn that the paradox of globalization is that a society cannot have political democracy, a sovereign nation-state and globalized markets all at once. You will also learn that : the economic growth of the Glorious Thirty is due to the Bretton Woods system; democracies have the right to guard against the excesses of economic globalization; the gold standard regime before the First World War was the first economic globalization; the two oil shocks of 1973 and 1979 were directly responsible for the end of the Bretton Woods system; the petrodollars caused the intensification of international capital flows; the maintenance of national sovereignty is incompatible with the pursuit of economic globalization. In "The Globalization Paradox", Dani Rodrik indulges in nothing less than a general theorization of globalization. Economic development, democracy, and the role of the state are among the topics discussed. The author takes up the currently most debated theme, that of globalization, and eloquently broadens the debate on the limits of global economic cooperation. A work that Adam Smith, the father of modern economics, would certainly not have disavowed ... *Buy now the summary of this book for the modest price of a cup of coffee!SUMMARY - The Globalization Paradox: Democracy And The Future Of The World Economy By Dani Rodrik
Discusses how democracy and national self-determination cannot be pursued simultaneously with economic globalization and instead promotes customizable globalization with international rules to achieve balanced prosperity.
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.
Review of Dani Rodrik's book "The Globalization Paradox: Democracy and the Future of the World Economy."
The must-read summary of John Naisbitt's book: "Global Paradox: The Bigger the World Economy, the More Powerful Its Smallest Players". This complete summary of the ideas from John Naisbitt's book "Global Paradox" answers a fundamental question: what is the global paradox? In his book, the author explains that as the world economy expands, the smallest elements (right down to the individual) will become ever more significant. The global paradox is a framework for developing an insight into the world as it is today and how it is moving towards tomorrow. This summary includes John Naisbitt's analysis of the consequences that this global paradox will bring, as well as its contradictions and implications. Added-value of this summary: • Save time • Understand key concepts • Expand your knowledge To learn more, read "Global Paradox" and discover how the economy is changing and what this means for you.
Al leer este resumen, aprenderá que la paradoja de la globalización es que una sociedad no puede tener democracia política, un Estado-nación soberano y mercados globalizados a la vez. También aprenderá que : el crecimiento económico de los Treinta Gloriosos se debe al sistema de Bretton Woods; las democracias tienen derecho a protegerse contra los excesos de la globalización económica; el régimen del patrón oro anterior a la Primera Guerra Mundial fue la primera globalización económica las dos crisis del petróleo de 1973 y 1979 fueron directamente responsables del fin del sistema de Bretton Woods los petrodólares provocaron la intensificación de los flujos internacionales de capital; el mantenimiento de la soberanía nacional es incompatible con la búsqueda de la globalización económica. En "La paradoja de la globalización", Dani Rodrik se entrega nada menos que a una teorización general de la globalización. El desarrollo económico, la democracia y el papel del Estado son algunos de los temas tratados. El autor retoma el tema más debatido en la actualidad, el de la globalización, y amplía elocuentemente el debate sobre los límites de la cooperación económica mundial. Una obra que sin duda Adam Smith, el padre de la economía moderna, no habría repudiado ...
World economy globalization is driven by multiple interactive forces. Theygive rise to a number of paradoxes that impact the functional and developmental characteristics of firms. This book offers for the first time an in-depth study of the logical contradictions that stream from economic integration on the supranational level.
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.
Al leer este resumen, aprender? que la paradoja de la globalizaci?n es que una sociedad no puede tener democracia pol?tica, un Estado-naci?n soberano y mercados globalizados a la vez. Tambi?n aprender? que : el crecimiento econ?mico de los Treinta Gloriosos se debe al sistema de Bretton Woods; las democracias tienen derecho a protegerse contra los excesos de la globalizaci?n econ?mica; el r?gimen del patr?n oro anterior a la Primera Guerra Mundial fue la primera globalizaci?n econ?mica las dos crisis del petr?leo de 1973 y 1979 fueron directamente responsables del fin del sistema de Bretton Woods los petrod?lares provocaron la intensificaci?n de los flujos internacionales de capital; el mantenimiento de la soberan?a nacional es incompatible con la b?squeda de la globalizaci?n econ?mica. En "La paradoja de la globalizaci?n", Dani Rodrik se entrega nada menos que a una teorizaci?n general de la globalizaci?n. El desarrollo econ?mico, la democracia y el papel del Estado son algunos de los temas tratados. El autor retoma el tema m?s debatido en la actualidad, el de la globalizaci?n, y ampl?a elocuentemente el debate sobre los l?mites de la cooperaci?n econ?mica mundial. Una obra que sin duda Adam Smith, el padre de la econom?a moderna, no habr?a repudiado ...