Reblogged from NEP-His:
Populism and the Economics of Globalization
By Dani Rodrik (Harvard University)
Abstract: Populism may seem like it has come out of nowhere, but it has been on the rise for a while. I argue that economic history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would produce a political backlash. While the backlash may have been predictable, the specific form it took was less so. I distinguish between left-wing and right-wing variants of populism, which differ with respect to the societal cleavages that populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these different reactions are related to the relative salience of different types of globalization shocks.
Distributed by NEP-HIS on: 2017-07-09
Review by Sergio Castellanos-Gamboa (Bangor University)
Populism has been at the front of news headlines for a while…
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