Globalization Requires a Domestic Agenda [...]

The view expressed by Chang and others I talked to represents nothing less than a Copernican shift. Dani Rodrik, a professor of political economy at Harvard, says, “The conversation in the last ten years has really turned from saying, ‘The effect of globalization on insecurity and inequality is rather minimal and therefore you need the least amount [of social safety net] that’s politically required to get your trade agreements passed.’ Now, it’s: ‘Globalization is probably contributing a lot more to these problems and therefore a healthy globalization requires a domestic agenda.'” Fred Bergsten, director of the Peterson Institute for International Economics, agrees, saying that the proper response to the anxieties about globalization “lies in changes in our domestic policy: universal portable health insurance, portable pensions, much better unemployment insurance. … We just have to do a better job of dealing with the downsides, and the costs, and the losers.” (Source)

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