In "One Economics, Many Recipes," leading economist Dani Rodrik
argues that neither globalizers nor antiglobalizers have got it
right. While economic globalization can be a boon for countries
that are trying to dig out of poverty, success usually requires
following policies that are tailored to local economic and
political realities rather than obeying the dictates of the
international globalization establishment. A definitive statement
of Rodrik's original and influential perspective on economic growth
and globalization, "One Economics, Many Recipes" shows how
successful countries craft their own unique strategies--and what
other countries can learn from them.
To most proglobalizers, globalization is a source of economic
salvation for developing nations, and to fully benefit from it
nations must follow a universal set of rules designed by
organizations such as the World Bank, the International Monetary
Fund, and the World Trade Organization and enforced by
international investors and capital markets. But to most
antiglobalizers, such global rules spell nothing but trouble, and
the more poor nations shield themselves from them, the better off
they are. Rodrik rejects the simplifications of both sides, showing
that poor countries get rich not by copying what Washington
technocrats preach or what others have done, but by overcoming
their own highly specific constraints. And, far from conflicting
with economic science, this is exactly what good economics
teaches.
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