TY  - JOUR
AU  - Rodrik,Dani
TI  - Feasible Globalizations
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9129
PY  - 2002
Y2  - August 2002
UR  - http://www.nber.org/papers/w9129
L1  - http://www.nber.org/papers/w9129.pdf
N1  - Author contact info:
Dani Rodrik
John F. Kennedy School of Government
Harvard University
79 JFK Street
Cambridge, MA 02138
Tel: 617/495-9454
Fax: 617/496-5747
E-Mail: dani_rodrik@harvard.edu
AB  - 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.
ER  -