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Globalization and the Race to the Bottom in Developing Countries

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  • Rudra,Nita

Abstract

The advance of economic globalization has led many academics, policy-makers, and activists to warn that it leads to a 'race to the bottom'. In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services are risking detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of these societies who stand to lose the most from these pressures on welfare protections, but this new study argues for a more complex conceptualization of the subject. Nita Rudra demonstrates how and why domestic institutions in developing nations have historically ignored the social needs of the poor; globalization neither takes away nor advances what never existed in the first place. It has been the lower- and upper-middle classes who have benefited the most from welfare systems and, consequently, it is they who are most vulnerable to globalization's race to the bottom.

Suggested Citation

  • Rudra,Nita, 2008. "Globalization and the Race to the Bottom in Developing Countries," Cambridge Books, Cambridge University Press, number 9780521715034, October.
  • Handle: RePEc:cup:cbooks:9780521715034
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    Citations

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    Cited by:

    1. Stephen Kaplan, 2014. "The China Boom in Latin America: An End to Austerity," Working Papers 2014-19, The George Washington University, Institute for International Economic Policy.
    2. Hecock, R. Douglas & Jepsen, Eric M., 2013. "Should Countries Engage in a Race to the Bottom? The Effect of Social Spending on FDI," World Development, Elsevier, vol. 44(C), pages 156-164.
    3. Farrell Henry & Newman Abraham L., 2015. "Structuring power: business and authority beyond the nation state," Business and Politics, De Gruyter, vol. 17(3), pages 527-552, October.
    4. Stephen B. Kaplan, "undated". "The Rise of Patient Capital: The Political Economy of Chinese Global Finance," Working Papers 2018-2, The George Washington University, Institute for International Economic Policy.
    5. Raj M. Desai & Nita Rudra, 2016. "Trade, poverty, and social protection in developing countries," WIDER Working Paper Series 139, World Institute for Development Economic Research (UNU-WIDER).
    6. repec:eee:wdevel:v:102:y:2018:i:c:p:170-182 is not listed on IDEAS
    7. Mitra, Arup & Tsujita, Yuko, 2014. "Dimensions and determinants of upward mobility : a study based on longitudinal data from Delhi slums," IDE Discussion Papers 448, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    8. Berliner, Daniel & Greenleaf, Anne & Lake, Milli & Noveck, Jennifer, 2015. "Building Capacity, Building Rights? State Capacity and Labor Rights in Developing Countries," World Development, Elsevier, vol. 72(C), pages 127-139.
    9. Kentikelenis, Alexander E. & Stubbs, Thomas H. & King, Lawrence P., 2015. "Structural adjustment and public spending on health: Evidence from IMF programs in low-income countries," Social Science & Medicine, Elsevier, vol. 126(C), pages 169-176.
    10. Schmitt, Carina, 2015. "Social Security Development and the Colonial Legacy," World Development, Elsevier, vol. 70(C), pages 332-342.
    11. Stephen B. Kaplan, 2014. "Political Economy of Macroeconomic Policymaking: Economic Crises and Technocratic Governance," Working Papers 2014-18, The George Washington University, Institute for International Economic Policy.

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