The Globalization Paradox: Democracy and the Future of the World
Economy
● Author: Dani Rodrik
● Latest Edition: 1st Edition (2011)
● Publisher: W. W. Norton & Company
● ISBN: 9780393071610
Summary:
In "The Globalization Paradox," Dani Rodrik examines the tensions between globalization,
national sovereignty, and democratic governance. He argues that hyper-globalization can
undermine democratic institutions and proposes a balanced approach that allows countries
to pursue their own economic and social policies while engaging in international trade.
Rodrik emphasizes the importance of maintaining democratic accountability and social
cohesion in the face of global economic integration.
🔷 Book Overview:
Rodrik argues that hyper-globalization, democracy, and national sovereignty are
fundamentally in tension and that we can only achieve two out of these three at any given
time. He advocates for a new balance—a form of globalization that respects democratic
choices and national self-determination.
📗 Chapter-by-Chapter Summary
Chapter 1: Recasting Globalization’s Narrative
● Challenges the prevailing narrative that more globalization is always better.
● Introduces the central idea that economic globalization can undermine
democratic governance.
● Begins framing the “globalization trilemma”: we cannot simultaneously pursue deep
globalization, national sovereignty, and democratic politics.
Chapter 2: Of Markets and States: Globalization in History’s Mirror
● Examines historical episodes of globalization (e.g., the Gold Standard era and
Bretton Woods).
Economy
● Author: Dani Rodrik
● Latest Edition: 1st Edition (2011)
● Publisher: W. W. Norton & Company
● ISBN: 9780393071610
Summary:
In "The Globalization Paradox," Dani Rodrik examines the tensions between globalization,
national sovereignty, and democratic governance. He argues that hyper-globalization can
undermine democratic institutions and proposes a balanced approach that allows countries
to pursue their own economic and social policies while engaging in international trade.
Rodrik emphasizes the importance of maintaining democratic accountability and social
cohesion in the face of global economic integration.
🔷 Book Overview:
Rodrik argues that hyper-globalization, democracy, and national sovereignty are
fundamentally in tension and that we can only achieve two out of these three at any given
time. He advocates for a new balance—a form of globalization that respects democratic
choices and national self-determination.
📗 Chapter-by-Chapter Summary
Chapter 1: Recasting Globalization’s Narrative
● Challenges the prevailing narrative that more globalization is always better.
● Introduces the central idea that economic globalization can undermine
democratic governance.
● Begins framing the “globalization trilemma”: we cannot simultaneously pursue deep
globalization, national sovereignty, and democratic politics.
Chapter 2: Of Markets and States: Globalization in History’s Mirror
● Examines historical episodes of globalization (e.g., the Gold Standard era and
Bretton Woods).
