New Global Economy and Developing Countries

Dani Rodrik is Rafiq Hariri Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University.

Rodrik questions the value to developing countries of increasing economic integration, of ever-expanding trade and capital flows. Openness is not essential to economic growth, he argues. It's likely to widen inequality within countries. And, as recent events demonstrate, it leaves developing nations vulnerable to debilitating financial shocks... It's a seductive argument, and it's right in many particulars. Washington Post Dani Rodrik argues that developing nations should not sign globalizing international agreements without participation and agreement by broad social groups within their countries, and says there should be solid evidence-not ideological incantations-to demonstrate that accepting external economic disciplines will actually be good for a country. -- William Pfaff International Herald Tribune Highly informative, thought-provoking, and entertaining. Indeed, it is a must for anybody, policy-maker or theorist, who aspires to think about the economic effects of globalization. -- Christopher Tsoukis Journal of Development Studies