The Wealth of the World and the Poverty of Nations
AbstractThe present situation, in which poor nations are becoming richer and rich nations poorer, gives credence to the idea that the former phenomenon is responsible for the latter. The great fear of many in the West is that trade with India, China, or the former Soviet Union will cause a collapse of the welfare state and of society's well-being. "Globalization" has become a loaded term. Should we believe, literally, that trade with poor nations can be blamed for our "impoverishment"? In this book, Daniel Cohen claims that there is practically no foundation for such an alarmist position. We need to reverse the commonly held view that globalization has caused today's insecure labor market. On the contrary, Cohen argues, our own propensity for transforming the nature of work has created a niche for globalization and given it an ominous dimension, causing some to reject it. Pursuing this erroneous line of thought will place the battle for social welfare "on the sidelines" when it should be fought "on the inside." Such errors in analysis must not persist; as Cohen says, the stakes are too high.
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Bibliographic InfoThis book is provided by The MIT Press in its series MIT Press Books with number 0262032538 and published in 1998.
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wealth; poverty; india; china; soviet union; globalization;
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- F0 - International Economics - - General
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- Markus Knell, 1998. "Einkommensungleichheit und Wachstum," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 24(4), pages 443-474.
- Dennis J. Snower, 1998.
"Causes of changing earnings inequality,"
Proceedings - Economic Policy Symposium - Jackson Hole,
Federal Reserve Bank of Kansas City, pages 69-133.
- Ribeiro, M.J., 2000. "A Nonscale Growth Model with R&D and Human Capital Accumulation," The Warwick Economics Research Paper Series (TWERPS) 574, University of Warwick, Department of Economics.
- Predrag Zima, 2007. "(In)Visible Hand(s)," Interdisciplinary Management Research, Faculty of Economics in Osijek, Croatia, vol. 3, pages 449-466.
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