The Globalization Paradox Analysis

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Reviewed Work: Rodrik, Dani. 2011. The Globalization Paradox: Democracy and the Future of the World Economy. New York: Norton. Review by: Basma Alshaalan In his book, The Globalization Paradox: Democracy and the Future of the World Economy, Dani Rodrik presents a critique of globalization advocates who aspire for the further proliferation of free trade, full liberalization of foreign trade, and unrestricted capital movement across borders. He argues that despite the increasing living standards brought by engaging with the world economy, the social side effects of this engagement are incredibly distressing. , Newly-generated problems such as increased unemployment and the global consequences of the recent economic recessions challenge the idealization …show more content…

He examines the situation of regional development of local economies over a period of time with respect to the wider globalization process. He suggests that modern world economy can be understood by its historic shapes rather than attempting to make sense of modern globalization as a singular phenomenon, and he divides it into different historic periods and explores every period according to its particular finance, trade and investment …show more content…

Moreover, he does not explore Islamic capital regulations institutions, such as betulmal, which is a centralized financial institution that manages tax administration in Islamic states., And despite his global and transhistorical approach, Frieden pays little mind to economics in the early Islamic Caliphates. By combining many disparate examples in his book rather than focusing on a single case study to prove his general hypotheses, , Frieden regrettably leaves all of his arguments lacking in detail. Whether one is reading his short overviews of the brief and limited successes of Nazi policy, Congo’s devastating economic policies as informed by King Leopold of Belgium, or the success/failure of social democracy in Sweden, Frieden does not give a narrative, multidimensional conceptual understanding of his arguments for just about every example he provides.While writing about history, it is surprising that Frieden also does not identify who finances the policymaking institutions or how they were established, which is an important part of understanding how an agent of change is

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