Details

Autor(en) / Beteiligte

• Rudra, Nita

Titel

GLOBALIZATION AND THE RACE TO THE BOTTOM IN DEVELOPING COUNTRIES: WHO REALLY GETS HURT?

Erscheinungsjahr

2008

Link zum Volltext

Quelle

Worldwide Political Science Abstracts

Beschreibungen/Notizen

• The advance of economic globalization has led many academics, policy-makers, & activists to warn that it leads to a 'race to the bottom.' In a world increasingly free of restrictions on trade & 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 & 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- & upper-middle classes who have benefited the most from welfare systems and, consequently, it is they who are most vulnerable to globalizations race to the bottom.