The Asymmetries of Globalization (Routledge Studies in Development Economics) - Softcover

Softcover

ISBN 10: 0415645999 ISBN 13: 9780415645997

Publisher: Routledge, 2012

Synopsis

The discourse on globalization has become polarized. Proponents consider globalization as the silver bullet for targeting growth in the world economy and for poor countries specifically, while opponents see it as the poisoned arrow of exploitation and impoverishment of the Third World.

Splendidly edited, The Asymmetries of Globalization deals with the 'what' and 'how' but primarily with 'why' globalization has most often negative outcomes for developing countries. It breaks new ground in approaching globalization not only as trade commodities, but also as trade in positional goods ('decommodified trade.')

The two novel and munificent forms of post-Ricardian decommodified trade, trade in services and trade in hard currency in the form of currency substitution, are sculpted in the introductory chapter as the foundation of the systematic asymmetries of globalization. The analytical approach of introducing 'positional goods' in the form of decommodified trade, in the discource on globalization, is original. It is also timely in a situation where the tail of trade in 'services' has grown enough to wag the traditional trade-in-commodities dog of globalization.

The balance of the chapters in this volume constitute a tapestry of case studies that elaborate and empirically investigate the causes of systematic asymmetries of globalization. The book's appeal transcends economics to make it also highly useful to students across the disciplines of sociology and political science, especially in the fields of international political economy and the politics of international trade. It will certainly enlighten all those working in the general areas of globalization, poverty and economic development.

About this title

About the Author

Pan A. Yotopoulos, Distinguished Professor, University of Florence, Itay and Professor Emeritus, Stanford University, USA. Donato Romano, Professor, University of Florence, Italy

Edition details

• Publisher: Routledge
• Publication date: 2012
• Language: English
• ISBN 10: 0415645999
• ISBN 13: 9780415645997
• Binding: Paperback
• Edition number: 1
• Number of pages: 224
• Editor: Yotopoulos Pan, Romano Donato