Free Trade Book Reviews Samples For Students

Part 2

Rodrik portrays globalization as problematic and continues to claim that it leads to a problem of triangulation. He asserts that the countries cannot pursue all their internal activities without external interference. This is a case of a trilemma where nations are unable to afford national autonomy, democracy and economic liberty at the same time. This is because trade affects the internal structures of countries and also exerts political influence in the countries administrations.
Globalization has suffered many hitches since it was introduced. The author cites the collapse of the gold standard of the 1914 due to economic problems. This was because ...

Dani Rodricks argues that globalization is an important aspect in international trade if it is bound by legal, social and political authority. This means that trade should not be free without intervention. This argument has its roots in the economic differences between the rich and the less developed countries where differences in economic strength and the size of government hinder balanced control of trade. However, free trade is beneficial to many countries since it opens up chances of trade in new markets which had been locked by tariffs and quotas. It is not right for Rodrick to assert that ...

(An Application of the Seven Major Sources of Economic Progress)

Authors: William Seyfried & Rollins College

- Article Summary
The article ‘Employment Intensity of Economic Growth’ seeks to examine the relationship between economic growth, as measured by the GDP, and employment levels, with the main focus being on the margin countries of Europe known as PIIGS (Portugal, Ireland, Italy, Greece and Spain). It pertains to research done between 1999 and 2012 to study unemployment growth rates and GDP after the financial crisis proved that the peripheral countries were in a dire financial state.
The financial crunch immensely reduced the availability of financing, and hence ...