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The Wealth of the World and the Poverty of Nations

Author

Listed:
  • Daniel Cohen

    () (École Normale Supérieure)

Abstract

The 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.

Suggested Citation

  • Daniel Cohen, 1998. "The Wealth of the World and the Poverty of Nations," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262032538, January.
  • Handle: RePEc:mtp:titles:0262032538
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    Citations

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    Cited by:

    1. Bonnen, James T., 2000. "The Transformation of Agriculture and the World Economy: Challenges for the Governance of Agriculture and for the Profession," 2000 Conference, August 13-18, 2000, Berlin, Germany 197183, International Association of Agricultural Economists.
    2. Grzegorz W. Kolodko, 2001. "La mutation post-socialiste," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 161-174.
    3. Dennis J. Snower, 1998. "Causes of changing earnings inequality," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 69-133.
    4. Predrag Zima, 2007. "(In)Visible Hand(s)," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 3, pages 449-466.
    5. 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.
    6. Grzegorz W. Kolodko, 2001. "Postsocialist Transformation," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 147-159.

    More about this item

    Keywords

    wealth; poverty; india; china; soviet union; globalization;

    JEL classification:

    • F0 - International Economics - - General

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