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Faculty Research Working Paper Series
Dani Rodrik
Ford Foundation Professor of International Political Economy
phone: (617)495-1407
Populism and the Economics of Globalization
Rodrik, Dani. "Populism and the Economics of Globalization." HKS Faculty Research Working Paper Series RWP17-026, June 2017.
Abstract
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.
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