The Globalization Paradox By Dani Rodrik

1464 WordsOct 20, 20146 Pages
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 have
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