Populism may seem like it has come out of nowhere, but it has been on the rise for a while. I argue that economic history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would produce a political backlash. While the backlash may have been predictable, the specific form it took was less so. I distinguish between left-wing and right-wing variants of populism, which differ with respect to the societal cleavages that populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these different reactions are related to the relative salience of different types of globalization shocks.
Monday, July 10, 2017
Economist Dani Rodrik: Populism should not be a surprise
The new Dani Rodrik paper: Populism and the Economics of Globalization
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From two graduates of the Suffolk University PhD program in Economics I had the pleasure of knowing and working with over the years. Here...
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Stock market woes raise a nagging fear: Is a recession near?
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https://www.aeaweb.org/articles?id=10.1257/jel.50.3.781 Mirrless Review by Mart
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