@techreport{NBERw9129, title = "Feasible Globalizations", author = "Dani Rodrik", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "9129", year = "2002", month = "August", URL = "http://www.nber.org/papers/w9129", abstract = {The nation-state system, democratic politics, and full economic integration are mutually incompatible. Of the three, at most two can be had together. The Bretton Woods/GATT regime was successful because its architects subjugated international economic integration to the needs and demands of national economic management and democratic politics. A renewed 'Bretton-Woods compromise' would preserve some limits on integration, while crafting better global rules to handle the integration that can be achieved. Among 'feasible glablization,' the most promising is a multilaterally negotiated visa scheme that allows expanded (but temporary) entry into the advanced nations of a mix of skilled and unskilled workers from developing nations. Such a scheme would likely create income gains that are larger than all of the items on the WTO negotiating agenda taken together, even if it resulted in a relatively small increase in cross-border labor flows.}, }