Globalization and the Race to the Bottom in Developing Countries (Paperback)

Language: English

Published by Cambridge University Press, Cambridge, 2008

0521715032 / 9780521715034

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  • Softcover
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Paperback. The advance of economic globalization has led many academics, policy-makers, and activists to warn that it leads to a 'race to the bottom'. In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services are risking detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of these societies who stand to lose the most from these pressures on welfare protections, but this new study argues for a more complex conceptualization of the subject. Nita Rudra demonstrates how and why domestic institutions in developing nations have historically ignored the social needs of the poor; globalization neither takes away nor advances what never existed in the first place. It has been the lower- and upper-middle classes who have benefited the most from welfare systems and, consequently, it is they who are most vulnerable to globalization's race to the bottom. According to conventional wisdom, globalisation's 'race to the bottom' undercuts welfare protections in developing countries, with the biggest losers being the poor. This study argues for a more complex conceptualisation, noting that it is the middle classes, the real beneficiaries of these welfare systems, who are most affected. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. …

Seller Inventory # 9780521715034

Title
Globalization and the Race to the Bottom in Developing Countries (Paperback)
Author
Nita Rudra
Publisher
Cambridge University Press, Cambridge
Publication year
2008
Condition
new
Binding
Paperback
Language
English
ISBN 10
0521715032
ISBN 13
9780521715034
Edition
1st Edition

AussieBookSeller

Truganina, VIC, Australia

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AbeBooks seller since June 22, 2007

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