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Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor and Our Climate
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New, practical approaches to confronting todays most daunting global issuesFighting climate change, saving democracy, and eradicating poverty are urgent global challenges, yet the worlds leaders continue to pursue outdated policies that focus on one while worsening the tradeoffs between each of them. Shared Prosperity in a Fractured World shows how the nations of the world can achieve all three objectives.Dani Rodrik provides a bold new vision of globalization, one in which we accelerate the green transition to achieve a sustainable planet, shore up the middle class to restore democracys foundations, and hasten economic revitalization in the developing world to put an end to poverty. The rising tide of authoritarianism has demonstrated our inability to alleviate economic anxieties. Economic nationalism has raised the specter of increased protectionism and deteriorating prospects for economic growth. And automation and other new technologies have undercut the advantages of lowcost, unskilled labor in manufacturing and exportoriented industrialization. Rodrik reveals how we can restore prosperity through new forms of collaborative publicprivate actionto promote renewables and green industries, middleclass jobs, and enhanced productivity in laborabsorbing serviceseven in the absence of global cooperation. He explains why this new kind of globalization must also recognize the legitimate desire of governments to pursue their economic, social, and security interests autonomously.Turning conventional economic wisdom on its head, Shared Prosperity in a Fractured World builds on practices that work while radically transforming those that dont, presenting a grounded, cleareyed approach to tackling the problems that affect us all, at home and around the world.
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