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Populism and the Economics of Globalization

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  • Dani Rodrik

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

  • Dani Rodrik, 2017. "Populism and the Economics of Globalization," NBER Working Papers 23559, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:23559
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    9. 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.
    10. repec:bfr:quarte:2017:48:03 is not listed on IDEAS
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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).
    13. repec:bfr:bullbf:2017:214:01 is not listed on IDEAS
    14. 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.
    15. 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.
    16. 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.
    17. repec:spr:jenvss:v:8:y:2018:i:3:d:10.1007_s13412-018-0484-7 is not listed on IDEAS
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    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

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