Includes bibliographical references (p. 285-317) and index.

Recasting globalization's narrative -- Of markets and states: globalization in history's mirror -- The rise and fall of the first great globalization -- Why doesn't everyone get the case for free trade? -- Bretton Woods, GATT, and the WTO: trade in a politicized world -- Financial globalization follies -- The foxes and hedgehogs of finance -- Poor countries in a rich world -- Trade fundamentalism in the tropics -- The political trilemma of the world economy -- Is global governance feasible? Is it desirable? -- Designing capitalism -- A sane globalization -- A bedtime story for grown-ups.

Discusses how democracy and national self-determination cannot be pursued simultaneously with economic globalization and instead promotes customizable globalization with international rules to achieve balanced prosperity.

In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation-state, arguing forcefully that when the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.

Adult

Adult

MIST