Book Review: The Globalization Paradox
Hazel Henderson submits:Dani Rodrik in his latest book moves much further outside the perimeter of conventional economics than before. He describes the battle within the economics profession between the "hedgehogs" (who know one big thing) and the "foxes" (who know many things). He shows how former "hedgehogs" embracing the faith in free, "efficient markets," "rational actors" and all the other truisms of market fundamentalist, including Joseph Stiglitz, Simon Johnson and others, changed their views and became "foxes" after witnessing the failures of financial globalization. Rodrik admits that he missed the coming financial crises of 2007-8, still unresolved in 2011, because his focus has been on trade. Rodik has been a breath of fresh air on trade issues, questioning in his earlier books the mad dash for narrow economic globalization based on WTO rules that ignored national sovereignty and catered to powerful countries, corporations and the agendas of global investors. Rodrik championed theComplete Story »
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