Dani Rodrik

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ja19_cover_small Courtesy: Foreign Affairs
2 August 2019 Foreign Affairs

Globalization’s Wrong Turn

The financialization of the global economy produced the worst financial crisis since the Great Depression. The new arrangements which came into effect due to globalization, came with risks that the hyperglobalists did not foresee, although economic theory could have predicted the downside to globalization just as well as it did the upside.