23 August 2011

On the Wonders of Globalization

I recently finished reading Dani Rodrik's The Globalization Paradox: Democracy & the Future of the World Economy (W.W. Norton, 2011) and highly recommend it. Rodrik argues that one cannot simultaneously have national sovereignty, democracy and "deep globalization." He does so via a brief for institutional pluralism and economic experimentation. Not surprisingly, I find his argument pretty persuasive. Today in the papers there are two reports that highlight the sorts of tension Rodrik identifies in particular contexts: the first is here at The Guardian, the second here at The New York Times. If deep globalization means that labor is un-free with regard to collective action (i.e., unions) we end up with the sorts of situaitons reported in the news today. What we need instead is the sort of "sane globalization" that Rodrik recommends, that is political-economic arrangements will allow democratically enacted and systematically enforced restraints on labor markets.

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