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- Rodrik gets it right
- good source of hot topic
- Provides indepth analysis of the issues involved...
- ONE OF THE BEST BOOKS ON THE TOPIC!
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Has Globalization Gone Too Far?
Dani Rodrik
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Download Description
Globalization is exposing social fissures between those with the education, skills, and mobility to flourish in an unfettered world market-the apparent "winners"-and those without. These apparent "losers" are increasingly anxious about their standards of living and their precarious place in an integrated world economy. The result is severe tension between the market and broad sectors of society, with governments caught in the middle. Compounding the very real problems that need to be addressed by all involved, the kneejerk rhetoric of both sides threatens to crowd out rational debate. From the United States to Europe to Asia, positions are hardening. Author Dani Rodrik brings a clear and reasoned voice to these questions. Has Globalization Gone Too Far? takes an unblinking and objective look at the benefits-and risks-of international economic integration, and criticizes mainstream economists for downplaying its dangers. It also makes a unique and persuasive case that the "winners" have as much at stake from the possible consequences of social instability as the "losers." As Rodrik points out, ". . . social disintegration is not a spectator sport-those on the sidelines also get splashed with mud from the field. Ultimately, the deepening of social fissures can harm all." President Clinton has read the book and it provided the conceptual basis for the trade/IMF portions of the State of the Union message in January 1998.
Customer Reviews:
Rodrik gets it right.......2003-07-28
In his spellbinding account of the economic realities of globalization, Dani Rodrik gets it right. Whether it is his accounting of the increased elasticity in the job market or his discussion of labor as a factor bearing a higher incidence of non-wage costs, today's economy makes Rodrik seem prophetic. It is a book whose time has come, any thinking person should buy this book.
good source of hot topic.......2002-01-08
It seems that over the past few years, the topic of globilization aond free trade have become hot topics because of events like the WTO protests in Seattle, the World Bank protests in DC and Ralph Nader's run for the presidency in 1996 and 2000.
Has globilization gone too far? is a good source for those people trying to find out more about the issue because it shows what happens under globilization both theoritically and in real life. It presents the arguements against free trade and the problems associated it with it like loss of jobs and capital outflows so it is good to understand the oposing view.
Provides indepth analysis of the issues involved..........2000-10-20
This is an excellent book that dwells in to the effects of globalization, related issues and potential solutions. It discusses social issues and policies within the context of globalization. It also dwells in to the issues related to labor standards and income distribution. Rodrik presents good solutions but they are debatable and not easy to implement.
I feel that Rodrik discusses solely from the perspectives of industrialized nations' interests. I would have liked him to explore more from the perspectives of under developed/developing nations'.
ONE OF THE BEST BOOKS ON THE TOPIC!.......2000-04-18
Seldom can one find an economist whose sensitivity to political and social issues coexist in perfect harmony with a technically impecable background. Rodrik is one such rare creature. His book addresses the issue of globalization, defying economic theories and pointing straight to the problem: globalization engenders social instability, that in turn unables financial/economic stability to be sustained. Accoridng to Rodrik, unless attention is given to the "lossers" of this process, protectionism may strike back. Rodrik is successful in showing that globalization is NOT "the end of history", and should not be taken for granted.
Customer Reviews:
Dont waste your money.......2007-05-17
How come I don't see anyone without a job? Dont waste your money buying this useless book. Watch a movie in the theaters instead.
3 stars for getting the topic out in front of people, -2 stars for not getting it right........2007-04-29
This subject is getting a lot of ranting from people on the outskirts who know squat. Manufacturing is one thing, but IT is where the real action is. I work in IT outsourcing and I have seen both sides, while so many are talking from 3rd hand knowledge. Number 1 issue is that these imported visa techies are more sinned against then sinning. The imported worker isn't fully paid, gets only a paltry salary, the winner in the game, the true elite, are mddlemen ....It's all the vendor/employers who make the money, and sometimes there are so many layers of them, they don't even make much; and, they are rarely US corporate..... Oddly enough, most of them are immigrants themselves. Some immigrant guy gets a stable of visa guys with desireable skills (e.g., SAP) and vends them to other vendors, perhaps more than to actual US companies (you have to be a "preferred vendor" to get in on the action with the largest US Companies). Who knows what the poor visa guy actually gets, while the large US companies who seek to buy this contingent H1 visa labor don't get much of a bargin either. Yeah, they try to get competition for the sake of lower rates, but they also TRY to squeeze from the top and demand the TOP Tier "preferred" vendors send them with visa techies with such and such skills for a ceiling of $X; however, there are STILL market forces, and these middle level vendor/employers know the rates and sometimes the preferred vedor above them cannot not find or provide someone when any of the layers cannot make at least a minimal amount on the rate. Consequently, the rates creep up, and end up not that far behind the going rate. I have seen some Corporations/Companies have to re-process their original req with higher salaries cause they need someone badly, and eventully they go to the 2nd tier vendors. Ultimately while they may pay slightly less on the contract than for a full time guy, and slightly less than a US guy, it's not that much less, only a little, while the vendor middle-men gets his bucks (and more and more of them pop up every day). These vendor/employers make their bucks either on specific skills (lake SAP, .NET) or on volume, like parasites. Meanwhile US Companies cannot be bothered with hiring entry level. They need someone to "hit the ground running." The imported guys are just beyond entry level, having already got that back home from the same US companies overseas OR from other foreign companies or domestic companies over there. So, yeah, they are up and running faster than an entry level guy. The real tragedy is that our US IT grads have so few entry level jobs available. And the big bonanza, right now (jobs paying over $100k) is in managerial IT. The ones who have a leg up on those are the visa guys who tough it out and survive to get that magic Green Card. Having survived all the levels, they are often the best candidates for these well paid positions, and compete with native born US citizens who survived the tech bust. However, understandably, these GC guys want a competitive salary with their American counterparts. When the best candidates for these jobs are Green Cards, the US grads who never got the entry level job originally, lose out once again. Meanwhile, in places like India, IT is booming, and they badly need midlevel managers, so who will go? How many Americans are ready to uproot and learn Hindi? There is an r2i movement (r2i==return to India).... Probably all those Green Card guys who earned their stripes here, will go back, and again the US IT departments will have to go to another 3rd world country, and start the whole mess all over. Meanwhile, the rest of us low paid flunkies are barely making ends meet, work long hours, and get NO health benefits.
LOU DOBBS IS IGNORANT AND INCOMPETENT NEO-POPULIST.......2007-03-14
Shame on Lou Dobbs and his ignorant and arrogant rethoric.
Predicitions that have come true.......2007-03-11
Lou Dobbs writes a book on outsourcing and corporate greed. The wonder of this book was that it was written in 2004, in the early stages of the outsourcing pandemic in this county. Most of his charges have come 100% true in current day. This book is a simple read - I finished it in about 4 hours and is easily read.
He curtails so called free trade agreements such as NAFTA, CAFTA and FTAA and organization such as the WTO and gives many examples of how these free trade agreements are completely unbalanced and unfair to the US worker and economy. US workers have been forced to compete (and history has now show)and loose to third world labor in China and Mexico. He was accused of being a "protectionist" when the reality is most people do not call for no trade with other countries. They call for fair and balanced trade. He explains how countries have set high tariffs and quotas on US imports but the US maintains little to no quotas and tariffs - and these are countries we are in trade agreements with. US businesses relocate our jobs and manufacturing base to cheap labor and unregulated markets in developing nations to only re import their good to the US. We are being exploited at the expense of corporate greed which does not have this nation's interests in sight. I am very unhappy with the fact that amongst his laundry list of present day status quo of terribly chartered agreements by our current administrations (Bush and Clinton), he does not really charge our nation's citizens with their insatiable appetite for consumption of flat screen TV's and just about any other exorbitant commodity we purchase. This has been a major factor on why these agreements stay in effect - our out of control consumer consumption has become culture at which it becomes very hard to change. But then again, most Americans really do not have a tiny grasp on the big picture because they are ignorant of it. They simply get annoyed when they call their bank customer service and wind up speaking to a representative in India of which they can't understand. Mr.s Dobbs goes into detail on how US companies have used the tax systems to their advantage and wind up paying no tax which leaves the middle class to pick up the burden. He gives a very good account of local and state government exporting their work to foreign countries! One of the most important discussions in the book is where early proponent of "free trade" would say that as our manufacturing base (about 3 million jobs) leaves the country, we will replace these jobs with higher level professional and services jobs (IT, lawyers, accountants). He details how we have now begun exporting these "replacement" jobs to our trading partners. What's left next to go? Since we have become now dependent on imports for our basic needs and have financed both consumer and economic debt and deficit with foreign funds - we have become very dependent and vulnerable as the worlds sole superpower.
I found this book a little bit of "preaching to the choir". I would highly recommend this to a person looking to wet their feet in trade issues of present day. Someone who has done much reading on the fleecing of the middle class will have come across much of what Mr.s Dobbs speaks about. Nonetheless, it still has some very good informative material that have been proven to be the reality. My last grievance is that of his 10 chapters of laundry type lists and critiques - 1 is devoted to finding solutions. I find this to be the case with his other book - "war on the Middle class (which I highly recommend). Mr. Dobbs is truly a great popularist of our present day. And if you watch his nightly CNN "Lou Dobbs Tonight' you'll know he committed to leveling the playing field for the middle class.
Honest Polemic.......2006-12-28
A market loving Republican has written a powerful indictment of the outsourcing of jobs that is hurting the middle class. As a business journalist & news anchor he fully understands the machinations of the business world. Ex: Free trade is not always fair trade. Note our trade deficit has been growing for thirty years. Some reforms & tasks can't be left to the market alone. The Federal & state governments have a duty to the citizenry. The latter with the peoples consent can stop corporate greed & corruption by preventing the constant outsourcing of middle class jobs to third world countries. If nothing is done to stop the jobs from leaving. We could become in the not to distant future a two tier society. Pharoahs at the top & a poorly paid majority of drones at the bottom.
Book Description
The range of tasks that can be done offshore has ballooned to encompass even activities critical to company performance, such as research and new product design. This 10-article collection offers suggestions and facts key to understanding the potential of the emerging global labor market—including assessing the size of the global talent pool, how to choose an offshore location, and how to interpret the implications of offshoring policies.
Customer Reviews:
Disappointing.......2007-03-22
I am very disappointed in this book. The information presented here is no different than the other 100 offshoring books on the market. Same stuff different author. I would not recommend this book unless it is your first offshoring purchase. If it is your first purchase don't waste your money with the other 100 books available.
The pro-offshoring point of view..........2006-12-24
Offshoring (outsourcing to a different country for lower priced labor) is one of the more contentious issues confronting Americans these days. In the book Offshoring: Understanding the Emerging Global Labor Market by Diana Farrell, the view is taken that offshoring has far more positives for the economy than negatives. But try telling that to the displaced worker...
Contents: Understanding offshoring; Sizing the emerging global labor market; Ensuring India's offshoring future; China's looming talent shortage; Who wins in offshoring?; The truth about foreign direct investment in emerging markets; Offshoring and beyond; Smarter offshoring; US offshoring - rethinking the response; How France and Germany can benefit from offshoring; Governing globalization; Index; About the Authors
This book is a compilation of articles from the McKinsey Global Institute, a think tank committed to examining global economic issues. With that as their background, it's quite easy to tell that their bias isn't towards the individual, but towards countries and corporations. The main thrust is that for each dollar spent on offshoring, the economy recovers that dollar and more in terms of increased activity and spending by the developing country. In addition, the labor pool in developing countries is far from limitless, and is constrained by a number of cultural and language issues which make for a mismatch as an offshore resource. The main offshore players, such as India, also have to be careful as to managing their overall position. Overdevelopment in a few key cities is causing labor shortages and wage pressures there, which in turn make them vulnerable to other offshoring options. In other words, there are no locked-in advantages for any of the players. If a company is considering offshoring part of their workforce, there are things to keep in mind in order to minimize the risk and maximize their return.
On one hand, I thought the book was well-written from the particular perspective of the authors. It's difficult to be "pro-offshoring" without incurring the wrath of significant portions of the population. On the other hand, I felt as if the individual got overlooked in their analysis. The statistics are used in such a broad way as to ignore reality. For instance, "from 1979 to 1999, 69 percent of US workers who lost their jobs as a result of trade in sectors other than manufacturing found new work within half a year. On average, they received similar wages in their new jobs (though roughly half took pay cuts)." So the reality is that 30% of workers (and let's not dwell on those in manufacturing) were still unemployed after six months, and of the 70% that *did* find other jobs, half had a lower standard of living. It's a good thing offshoring will allow for cheaper prices... we're going to need them to make our lower paychecks stretch further. The authors do advocate for far better transition benefits for displaced workers that what is normally seen. Commendable, but companies looking to cut their bottom line don't often have that level of concern for their "resources".
This is worth reading so as to get both sides of the offshoring story. As an individual, just don't expect it to necessarily be *your* side of the issue.
Book Description
Foreword by Lou Dobbs
One of the hottest, most controversial topics in the news is the outsourcing of American jobs to other countries. Outsourced jobs are extending well beyond the manufacturing sector to include white-collar professionals, particularly in information technology, financial services, and customer service. Outsourcing America reveals just how much outsourcing is taking place, what its impact is and will be, and what can be done about the loss of jobs.
More than an exposŽ, the book shows how outsourcing is part of the historical economic shifts toward globalism and free trade, and demonstrates the impact of outsourcing on individual lives and communities. The authors discuss policies that countries like India and China use to attract U.S. industries, and they offer frank recommendations that business and political leaders must consider in order to confront this snowballing crisis -- and bring more high-paying jobs back to the U.S.
Customer Reviews:
Excellent College Resource on "Outsourcing Jobs".......2006-08-04
I used this book as a resource for a paper I did on outsourcing. I found this book to be very informative and well formatted. The chapters have a logical flow and uncover many things about the short-term and long-term affects in this country as well as the countries the jobs are being outsourced to.
An anti-globalization book, rather than an anti-outsourcing book.......2006-06-30
I am currently reading this book. What the authors are trying to say is simple, don't outsource. They have tried their best to write a book of 200+ pages - with a vague story-line and lot of repetitions. The story-line of the book could have been better and they could have tried to avoid the repititions.
It seems more like an anti-globalization book rather than an anti-outsourcing book. Authors have used the theme of outsourcing to emphasize their anti-globalization ideas, I believe.
Ok, I am not pro- or anti-outsourcing. Just wanted to put my thoughts here.
If globalization is bad for America, it is bad for other countries too. Since the authors are referring to India everywhere, let me give you examples of effect of globalization in India.
India's protected market was liberalized. Due to this India saw sudden influx of foreign good (include very cheap Chinese products). Lot of home grown industries collapsed due to this. Indian car, tv, textile, etc. companies were not able to compete with cheap foreign products. Millions lost job. This account of India is not discussed anywhere at all. Ford is selling cars in India. Apple sells fancy iPods in India. You can see that it is very simple to understand the concept. Like American companies sell their products in India and other countries (cars, iPods, desktop/laptop computers, operating systems, super computers, beauty products, etc.), Indian companies are selling their services (IT, Finance, BPO, etc.) to US and other countries. I beleive that the same thing is happening in other developed or developing or under-developed countries.
If US is going to protect the market, won't every other country will follow suit? How will then the US companies sell their products in other countires?
Let me know your thoughts.
The theory of comparative advantage does not support absolute advantage(globalization).......2006-01-15
Hira and Hira(HH) have written a book that they state is aimed at the average American.HH appear to have decided that the basics of the theory of comparative advantage,at the level of Adam Smith and David Ricardo,are too difficult for the average American reader to grasp.Therefore,they decided to skip an explicit account of exactly what it was that Smith(or Ricardo)actually said.This is the major shortcoming of the book.Smith would completely reject any globalization argument for outsourcing because such an argument rests on absolute advantage and not comparative(relative)advantage.Absolute advantage violates the necessary condition that the outcomes from trading be Pareto optimal(some countries gain more than others gain from trade but no one loses)since some countries lose.Under absolute advantage you have a zero sum game.Let's look at what HH should have covered from The Wealth of Nations(1776,Book IV,Chapter II,pp.420-440,Modern Library edition),but did not,in their book."First, every individual endeavors to employ his capital as near home as he can,and consequently as much as he can in the support of domestic industry;provided always that he can thereby obtain the ordinary,or not a great deal less than the ordinary profits of stock"(Smith,p.421;see also p.422-423).Assume that the returns are far less than ordinary.The individual should relocate his business in the foreign country so that he can sell the output he produces to his FOREIGN CUSTOMERS.Importation of these goods back into the home market for sale violates the theory of comparative advantage , since the relocated firm now has absolute advantage.For instance,Toyota and Volkswagen build plants in America to supply Americans with cars.They do not send their products back to Japan and Germany for sale in their home market,a la WalMart.Second,a retaliatory tariff is "...good policy...when there is a probability that they will procure the repeal of the high duties or prohibitions..."imposed by another country.Only when"there is no probability that any such repeal can be procured..."would a retaliatory tariff be a" bad method"(Smith,p.435).Third,"...freedom of trade(free importation of foreign goods) should be restored only by slow gradations,and with a good deal of reserve and circumspection"(p.435).Fourth, "To expect...that the freedom of trade should ever be entirely restored... is as absurd as to expect that an ...Utopia should ever be established..." because "...the private interests of many individuals irresistibly oppose it".Fifth,Smith fully supports revenue tariffs to fund government(Smith,p.439;see pp.845-850 for some of the negative consequences.Smith imposed such duties when he became a Customs official.The economic policies of George Washington and Alexander Hamilton were built on Tariffs)operations such as providing universal general and religious education(Smith,pp.767-768).HH present a list of the negatives resulting from the rush to implement a "globalization" policy that has not been done in slow gradations with a great deal of circumspection and reserve.Smith would be appalled to discover economists claiming that globalization is based on the theory of comparative advantage or that such a theory has anything to do with The Wealth of Nations.HH should revise their book to explicitly cover what Smith,a moral and ethical conservative, actually said and not what some libertarian anarchist economist claims he said.
Disappointing - A Start, but Need More Information.......2005-12-29
University of California experts estimate that about one out of nine jobs are vulnerable to outsourcing, while others see half of jobs outsourced as paying over $31,700/year, and a total of $151 billion outsourced by 2015. Clearly a serious problem!
Some dismiss the problem, saying that this allows the U.S. to focus on higher-value R&D. However, that is patent nonsense - is everyone going to become a scientist? Regardless, China already is the #2 producer of scientific papers on nanotechnology - a key new area.
Others say "new jobs" will occur, but are vague as to where these jobs will be or come from. Others claim that "insourcing" largely offsets outsourcing - however, further examination shows that much of what they are counting simply represents foreign- firms' takover of former U.S. firms. An example is Daimler-Benz and its Chrysler takeover, another is Tyco moving its headquarters offshore to avoid paying U.S. taxes.
Reality is that the problem is likely create economies of scale advantages for foreign producers as they claim more and more of former U.S. production. In addition, some firms are sending design and production engineering overseas to be closer to the action. (Neither point was made in Hira and Hira's book.)
Another problem is "insourcing" via H-1B and L-1 guest-worker visas allowing eg. Indian citizens to come to live in the U.S. and take jobs away from Americans.
Correcting the problem will require changing U.S. laws that provide no penalty for offshoring and offer tax deferrments for doing so (taxes on profits made overseas can be deferred; many firms are trying to also get a "tax holiday" on these deferred taxes). It will also require lowering U.S. corporate tax rates - data shown in the book indicates that U.S. firm tax rates are about double that of most competitors. Still another requirement is tightening visa requirements that allow foreigners in to take our jobs. The first requirement, however, is that outsourcing be recognized as a problem - unfortunately, most politicians are still reading outdated Economic textbooks and think our economy is improved by outsourcing.
The book is a start, but we need more data and credible analyses from insightful economists. It also isn't clear whether the current data include manufacturing jobs already lost, or just new service jobs. Finally, the impact of illegal Mexicans also needs to be addressed in the same book.
Mixed Messages and Contradictory Business Advice.......2005-11-24
After attending a recent lecture by Dr Hira, I found his book and his ideas on US economic evolution incomplete and wavering. Unfortunately, its not information are not grounded or empirical based on US employment trends and globalization.
I recommend you keep looking for better volumes.
Book Description
Globalization creates growth without jobs in the North, structural adjustment in the South, privatization in the East and the dismantling of states everywhere. The author of this extraordinary book uses a mixture of case studies, examples and quotations to illustrate some hard facts. She looks at women across the world to show how their lives have been turned upside down, by industrialization in the South and a return to homeworking in the North. From New York to Phnom Penh, from Moscow to Dakar, we see the devastating effects of the unfettered power of transnational corporations on women’s lives.
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Understanding Globalization, Employment and Poverty Reduction
Manufacturer: Palgrave Macmillan
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ASIN: 1403941491
Release Date: 2005-02-10 |
Book Description
Do accelerating trade and foreign direct investment--experimented by most developing countries in the 1990s--imply a positive, negative, or neutral impact in terms of employment, income inequality and poverty alleviation? This book provides some empirically-tested answers to this question using an open-minded, unconventional economic approach and deriving original policy implications.
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Chains of Fortune: Best Practices in Linking Local Women Producers with Global Markets
Manufacturer: Commonwealth Secretariat
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ASIN: 0850927986 |
Book Description
Much has been written about the negative impact of globalization on the world's poor, and especially on women. But globalization also opens up new economic opportunities if poor women producers and workers are enabled to take advantage of them. The need for assistance differs between independent producers on the one hand and wage workers in export industries on the other. In the former case, the need mainly is for increased access to global markets. In the latter case, it mainly is for better organizing so as to bargain for better wages and working conditions.
This edited volume brings together six case studies: three which focus on linking local producers with global markets; and three which focus on improving conditions of wage workers and outworkers already integrated into export markets through global value chains. On the producer side, they include examples of: a cocoa cooperative of 45,000 producers in Ghana who are co-owners of a chocolate company in the UK; family-based cooperatives in Samoa which produce organic virgin coconut oil and related value-added products for export to Australia, New Zealand and Germany; and newly established small enterprises in Mozambique which are helping to regenerate the cashew processing and export industry with benefits for women small holders and factory workers. On the wage worker side, they include: thousands of women who have found jobs in the expanding industry in South Africa which exports deciduous fruits to Europe; hundreds of thousands of women in Bangladesh who have found paid employment and increased empowerment in the factories which export ready made garments to Europe and the UK; and thousands of women who have found employment in the newly created industries in India which export information technology-enabled services to Europe and the US. Each case study is written by a team of international and national researchers and aims to present decision makers with concrete examples of how policies and programs which shift the balance of access, power and returns within global value chains can assist the working poor to derive greater benefits from globalization.
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Labour in a Global World: Case Studies from the White Goods Industry in Africa, South America, East Asia and Europe (The Future of Work)
Theo Nichols , and
Surhan Cam
Manufacturer: Palgrave Macmillan
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ASIN: 1403939799
Release Date: 2005-08-11 |
Book Description
This book gets behind much of the generality about globalization and examines in detail the production of familiar white goods commodities in a range of countries--China, Taiwan and South Korea, South Africa, Brazil and Turkey. It makes a substantive contribution to the understanding of the diffusion of management methods, the role of the state in employee relations, the nature of trade unionism and the impact of social structure on production relations.
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Jobs in America (Reference Shelf)
Manufacturer: H. W. Wilson
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ASIN: 082421062X |
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- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
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