The New Distributional Politics of Globalization and the Lessons of the Great Depression

Harold James

CESifo Economic Studies, 2004, vol. 50, issue 1, 27-44

Abstract: The paper examines political resentments and backlashes in historical episodes of globalization in terms of discussions of the morality of rising inequalities of income and wealth. It investigates the link between this discussion and a different interest-based political system that prevails in periods of global opening. While politics in the framework of the national economy has a simple left-right dichotomy, politics in globalized societies mobilizes an incoherent coalition of anti-global left and anti-global right against a pro-global center. (JEL N10, N20)

Date: 2004
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