The Evolution of Globalization
Around the turn of the century, critics of trade and capital-market liberalization had good reason to worry that emerging and developing economies would fall further behind the developing world. But the opposite happened, and now the world must worry about the trajectory of advanced economies and the fraying of multilateral arrangements.
- Richard Baldwin, The Great Convergence: Information Technology and the New Globalization, Harvard University Press, 2016
- François Bourguignon, The Globalization of Inequality, Princeton University Press, 2015
- Kemal Derviş and Ceren Özer, A Better Globalization: Legitimacy, Governance, and Reform, Center for Global Development, 2005
- Stephen D. King, Grave New World: The End of Globalization, The Return of History, Yale University Press, 2017
- Branko Milanovic, Global Inequality: A New Approach for the Age of Globalization, Harvard University Press, 2016
- Dani Rodrik, The Globalization Paradox: Democracy and the Future of the World Economy, W. W. Norton & Company, 2011
- Joseph E. Stiglitz, Globalization and its Discontents, W. W. Norton & Company, 2002
- Joseph E. Stiglitz, Globalization and its Discontents Revisited: Anti-Globalization in the Era of Trump, W.W. Norton & Company, 2017
LONDON – Few academic books have had more political influence than Joseph E. Stiglitz’s Globalization and its Discontents. First published in 2002, it became an instant international sensation and propelled its author, already a Nobel laureate economist, to rock-star status. That has been especially true in the emerging and developing world, where he now addresses sold-out arenas. After Discontents, globalization became a byword for all of the harm that has been visited upon emerging and developing economies by global trade and international financial institutions.
Last year, Stiglitz published a sequel in which he reassesses his previous arguments. In Globalization and Its Discontents Revisited, he gives us two books for the price of one: the original text appears in its entirety, followed by reflections on the original insights in light of all that has happened since.
It is hard to fathom just how much the world has changed over the past 16 years. Suffice it to say that the discontents – and their attendant threats to the international order – have now shifted from developing to developed countries. Together with other contributors to the globalization debate, Stiglitz helps us understand why things have turned out differently than expected, and how globalization will likely play out over the next decade, particularly from the perspective of emerging and developing economies.
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Globalization and Its Discontents Revisited
Anti-Globalization in the Era of Trump
"Accessible, provocative, and highly readable."—Alan Cowell, New York Times
In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping. Yet globalization today continues to be mismanaged, and now the harms—exemplified by the rampant inequality to which it has contributed—have come home to roost in the United States and the rest of the developed world as well, reflected in growing political unrest.With a new introduction, major new chapters on the new discontents, the rise of Donald Trump, and the new protectionist movement, as well as a new afterword on the course of globalization since the book first appeared, Stiglitz’s powerful and prescient messages remain essential reading.
http://books.wwnorton.com/books/Globalization-and-Its-Discontents-Revisited/
Globalization and Its Discontents
http://books.wwnorton.com/books/978-0-393-05124-7/
The Globalization Paradox
Democracy and the Future of the World Economy
Surveying three centuries of economic history, a Harvard professor argues for a leaner global system that puts national democracies front and center.
From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization's promise. The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the "Washington Consensus"—brought great success and great failure. In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik offers a new narrative, one that embraces an ineluctable tension: we cannot simultaneously pursue democracy, national self-determination, and economic globalization. When the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.
From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization's promise. The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the "Washington Consensus"—brought great success and great failure. In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik offers a new narrative, one that embraces an ineluctable tension: we cannot simultaneously pursue democracy, national self-determination, and economic globalization. When the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.
Grave New World
The End of Globalization, the Return of History
Stephen D. King
A controversial look at the end of globalization and what it means for prosperity, peace, and the global economic order
Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets, is beginning to fracture. With disappointing growth rates across the Western world, nations are no longer willing to sacrifice national interests for global growth; nor are their leaders able—or willing—to sell the idea of pursuing a global agenda of prosperity to their citizens.
Combining historical analysis with current affairs, economist Stephen D. King provides a provocative and engaging account of why globalization is being rejected, what a world ruled by rival states with conflicting aims might look like, and how the pursuit of nationalist agendas could result in a race to the bottom. King argues that a rejection of globalization and a return to “autarky” will risk economic and political conflict, and he uses lessons from history to gauge how best to avoid the worst possible outcomes.
Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets, is beginning to fracture. With disappointing growth rates across the Western world, nations are no longer willing to sacrifice national interests for global growth; nor are their leaders able—or willing—to sell the idea of pursuing a global agenda of prosperity to their citizens.
Combining historical analysis with current affairs, economist Stephen D. King provides a provocative and engaging account of why globalization is being rejected, what a world ruled by rival states with conflicting aims might look like, and how the pursuit of nationalist agendas could result in a race to the bottom. King argues that a rejection of globalization and a return to “autarky” will risk economic and political conflict, and he uses lessons from history to gauge how best to avoid the worst possible outcomes.
Stephen D. King is Senior Economic Adviser at HSBC. He has also been a specialist adviser to the House of Commons Treasury Committee.
https://yalebooks.yale.edu/book/9780300226300/grave-new-world
A Better Globalization: Legitimacy, Governance, and Reform
http://books.wwnorton.com/books/Globalization-and-Its-Discontents-Revisited/
http://books.wwnorton.com/books/978-0-393-05124-7/
http://books.wwnorton.com/books/detail.aspx?ID=17197
The Globalization of Inequality François Bourguignon
Translated by Thomas Scott-Railton
In The Globalization of Inequality, distinguished economist and policymaker François Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard of over half a billion people in emerging nations such as China, India, and Brazil, and the exponentially increasing inequality within countries. Exploring globalization's role in the evolution of inequality, Bourguignon takes an original and truly international approach to the decrease in inequality between nations, the increase in inequality within nations, and the policies that might moderate inequality’s negative effects.
Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments.
An informed and original contribution to the current debates about inequality, this book will be essential reading for anyone who is interested in the future of the world economy.
François Bourguignon is a professor at the Collège de France, Paris, and former director at the Paris School of Economics. From 2003 to 2007 he was chief economist and senior vice president of the World Bank. Bourguignon was made a Chevalier of the National Order of the Legion of Honor in 2010.
Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments.
An informed and original contribution to the current debates about inequality, this book will be essential reading for anyone who is interested in the future of the world economy.
François Bourguignon is a professor at the Collège de France, Paris, and former director at the Paris School of Economics. From 2003 to 2007 he was chief economist and senior vice president of the World Bank. Bourguignon was made a Chevalier of the National Order of the Legion of Honor in 2010.
More about this book
- A Financial Times Summer Books 2015 selection
- One of Financial Times (FT.com) Best Books in Economics 2015, chosen by Martin Wolf
Resources
https://press.princeton.edu/titles/10433.html
Global Inequality
A New Approach for the Age of Globalization
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Product Details
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$29.95• £21.95 • €27.00
ISBN 9780674737136
Publication: April 2016http://www.hup.harvard.edu/catalog.php?isbn=9780674737136
The Great Convergence
Information Technology and the New Globalization
http://www.hup.harvard.edu/catalog.php?isbn=9780674660489