Globalization Dilemmas & the Way Out
Published: 2012
Author(s) Name: Dani Rodrik
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Abstract
The objective of international economic
arrangements must be to attain
the maximum amount of integration
or the maximum thickness
in economic transactions that are
consistent with maintaining space
for diversity in national institutions
and the arrangements. The objective
would be to create enough
policy space to allow rich countries
to rework their social compacts at
home, poor countries to restructure
and diversify their economies so that
they can position themselves better
to benefit from globalisation, and all
nations, rich and poor alike, to establish
financial systems and regulatory
structures that are more attuned
to their own needs. A better
managed globalisation will be a better
globalisation, argues the paper
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