by Dani Rodrik ‧ RELEASE DATE: Nov. 7, 2017
A thoughtful, reasoned argument, of much interest to students of globalism and its discontents.
In this accessible text, a noted economist makes a case for a healthier global economy and shared rules and principles to support it.
A globalized economy requires free trade agreements and an absence of barriers and tariffs. Yet, as Rodrik (International Political Economy/John F. Kennedy School of Government, Harvard Univ.; Economics Rules: The Rights and Wrongs of the Dismal Science, 2015, etc.) notes, many nations that have benefited from those trade agreements haven’t quite played by the rules, such as the towering economy of China and the smaller one of Vietnam, while countries that do abide by the rules and rely on free trade, such as Mexico, have suffered. Given that globalism has provided a powerful bogeyman for Donald Trump and Marine Le Pen (who promised to dissolve the European monetary union if elected president of France), among others, an irony is hidden in all this. While “the global dissemination of democratic norms from the advanced countries of the West to the rest of the world has been perhaps the most significant benefit of globalization,” it is precisely in those advanced countries that democracy seems most endangered. Rodrik ventures that the idea of a “free market” is itself problematic, inasmuch as in the U.S. there has historically been a great deal of government infrastructural and financial support for private initiatives, with companies such as Apple and Intel benefiting from federal largesse in their early years. The author makes a point of distinguishing free trade and fair trade as two different things, with fair trade combatting protectionism while also restraining globalizers “from gaining the upper hand in cases in which international trade and finance are a backdoor for eroding widely accepted standards at home”—a living wage, say. Though Rodrik allows that some trade agreements can stand structural revision, he suggests that the developing world will not be a sufficient source of innovation to lead the global economy in the future.
A thoughtful, reasoned argument, of much interest to students of globalism and its discontents.Pub Date: Nov. 7, 2017
ISBN: 978-0-691-17784-7
Page Count: 320
Publisher: Princeton Univ.
Review Posted Online: Sept. 3, 2017
Kirkus Reviews Issue: Sept. 15, 2017
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by Paul Kalanithi ‧ RELEASE DATE: Jan. 19, 2016
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
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by Abhijit V. Banerjee & Esther Duflo ‧ RELEASE DATE: Nov. 12, 2019
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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