By Dani Rodrik
A book addressing questions such as: "What if most of the benefits of the free flow of goods and capital across borders have already been realized, and that any gains from additional globalization will be outweighed by the additional costs in terms of unemployment, reduced wages, lost pensions and depopulated communities. What if global markets, to be widely beneficial, require the kind of global
By United Nations ESCAP 2011
The book is an important contribution to several issues of major policy and academic interest in Asia: the role, importance and implications of in the global economy, why India (and South Asia more generally) is lagging behind East Asia in participation of International production networks (IPNs) and, whether the situation will change as rising real wages in East Asia provide an opportunity for India and other South Asian economies to leverage their labour cost.