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Populism and the Economics of Globalization

Author

Listed:
  • Rodrik, Dani

Abstract

Populism may seem like it has come out of nowhere, but it has been on the rise for a while. I argue that economic history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would produce a political backlash. While the backlash may have been predictable, the specific form it took was less so. I distinguish between left-wing and right-wing variants of populism, which differ with respect to the societal cleavages that populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these different reactions are related to the relative salience of different types of globalization shocks.

Suggested Citation

  • Rodrik, Dani, 2017. "Populism and the Economics of Globalization," CEPR Discussion Papers 12119, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:12119
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Populism is Back! Why has this happened and why does it matter?
      by chechurris in NEP-HIS blog on 2017-08-08 11:48:43
    2. Populism and the Economics of Globalization
      by maximorossi in NEP-LTV blog on 2017-08-11 17:46:34

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    7. repec:oup:cjrecs:v:11:y:2018:i:1:p:143-163. is not listed on IDEAS
    8. Sebastian Müller & Gunther Schnabl, 2018. "The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union," CESifo Working Paper Series 6938, CESifo Group Munich.
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    12. Becker, Sascha O. & Fetzer, Thiemo, 2018. "Why an EU Referendum? Why in 2016?," CAGE Online Working Paper Series 366, Competitive Advantage in the Global Economy (CAGE).
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    15. Donato Masciandaro & Davide Romelli, 2018. "Beyond the Central Bank Independence Veil: New Evidence," BAFFI CAREFIN Working Papers 1871, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    16. repec:bfr:bullbf:2017:214:04 is not listed on IDEAS
    17. Neil Lee & Katy Morris & Thomas Kemeny, 2018. "Immobility and the Brexit vote," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 11(1), pages 143-163.
    18. Georg Fischer & Stefan Jestl & Leon Podkaminer & Armon Rezai & Robert Stehrer, 2018. "Monthly Report No. 4/2018," wiiw Monthly Reports 2018-04, The Vienna Institute for International Economic Studies, wiiw.
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    22. repec:ces:ifodic:v:15:y:2018:i:4:p:50000000000853 is not listed on IDEAS

    More about this item

    Keywords

    Globalization; populism;

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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