Citation

Discussion Paper Details

Please find the details for DP3524 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Feasible Globalizations

Author(s): Dani Rodrik

Publication Date: August 2002

Keyword(s): globalization, international institutions and international labour mobility

Programme Area(s): International Macroeconomics, International Trade and Regional Economics and Public Economics

Abstract: The nation-state system, democratic politics, and full economic integration are mutually incompatible. Of the three, at most two can be had together. The Bretton Woods/GATT regime was successful because its architects subjugated international economic integration to the needs and demands of national economic management and democratic politics. A renewed ?Bretton-Woods compromise? would preserve some limits on integration, while crafting better global rules to handle the integration that can be achieved. Among ?feasible globalizations,? the most promising is a multilaterally negotiated visa scheme that allows expanded (but temporary) entry into the advanced nations of a mix of skilled and unskilled workers from developing nations. Such a scheme would likely create income gains that are larger than all of the items on the WTO negotiating agenda taken together, even if it resulted in a relatively small increase in cross-border labor flows.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3524

Bibliographic Reference

Rodrik, D. 2002. 'Feasible Globalizations'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3524