15 August 2008

Governing Globalization

"So if globalisation is in danger, who are its real enemies? There was a time when global elites could comfort themselves with the thought that opposition to the world trading regime consisted of violent anarchists, self-serving protectionists, trade unionists, and ignorant, if idealistic youth. Meanwhile, they regarded themselves as the true progressives, because they understood that safeguarding and advancing globalization was the best remedy against poverty and insecurity.

But that self-assured attitude has all but disappeared, replaced by doubts, questions, and scepticism. Gone also are the violent street protests and mass movements against globalisation. What makes news nowadays is the growing list of mainstream economists who are questioning globalisation's supposedly unmitigated virtues.

[. . .]

While these worries hardly amount to [a] full frontal attack ... they still constitute a remarkable turnaround in the intellectual climate. Moreover, even those who have not lost heart often disagree vehemently about the direction in which they would like to see globalisation go.

[. . .]

None of these intellectuals is against globalisation, of course. What they want is not to turn back globalisation, but to create new institutions and compensation mechanisms – at home or internationally – that will render globalisation more effective, fairer, and more sustainable."


These are some of the good bits from this opinion piece by Dani Rodrik. Just think, economists worried about fairness!

Labels: , ,

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home