Tariffs, globalization, and democracy, with Harvard economist Dani Rodrik
World Economic Forum
00:00
Reassessing Globalization and Economic Policy
This chapter explores the intricacies of globalization, particularly criticisms of hyper-globalization and its social consequences highlighted by events like Brexit and Trump's election. It discusses the resurgence of industrial policy as a means for governments to stimulate economic development and innovation amidst growing inequalities, while also addressing the complexities of economic nationalism. The chapter emphasizes the necessity of improving job quality and fostering labor voice as essential strategies for strengthening social cohesion and democracy in an era marked by economic precarity.
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