Dani Roderik: The Globalization Paradox December 2011 WRR

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Globally, national sovereignty isn’twithering away anytime soon… The balance of global forces is becoming morecentrifugal Declining role of U.S. in global economy EU likely to remain preoccupied with own matters China and the other emerging powers place, if anything,greater emphasis on national sovereignty The supply of global leadership will be in short supply Therefore we need to moderate our ambitions onglobal governance
Global governance light A set of traffic rules that create “policy space” to allow: rich nations to provide social insurance, address concerns about labor,environmental, health, and safety consequences of trade, and shortenthe “chain of delegation” poor nations to position themselves better for globalization througheconomic restructuring all nations to create financial systems and regulatory structures s moreattuned to their own conditions and needs Policy space need not result in “slippery slope” toprotectionism The misleading analogy of “global commons”: : open trade and financialpolicies are semi-private goods Democratic politics can “malfunction, malfunction,” but it is locals who pay the bulk ofthe costs e.g., agricultural subsidies Improved deliberation at home, not external constraints, is the rightanswer to democratic malfunction We should seek democracy-enhancing enhancing globalization, nothyper-globalization
Page 1 and 2: The Globalization ParadoxDani Rodri
Page 3 and 4: The evolution of capitalism: versio
Page 5 and 6: The evolution of capitalism: versio
Page 7 and 8: The history of globalization viewed
Page 9 and 10: The history of globalization viewed
Page 11 and 12: The fundamental problem of the worl
Page 13 and 14: The political trilemma of theworld
Page 15 and 16: Implications of EU’s s incomplete
Page 17 and 18: The political trilemma of the world
Page 19 and 20: The subtle tension between democrac
Page 21 and 22: Globalization can enhance democracy
Page 23: The regional/global governancealter

Dani Roderik: The Globalization Paradox December 2011 WRR

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