The present situation, in which poor nations are becoming richer and rich                  nations poorer, gives credence to the idea that the former phenomenon is responsible                  for the latter. The great fear of many in the West is that trade with India, China,                  or the former Soviet Union will cause a collapse of the welfare state and of                  society's well-being."Globalization" has become a loaded term. Should we believe,                  literally, that trade with poor nations can be blamed for our "impoverishment"? In                  this book, Daniel Cohen claims that there is practically no foundation for such an                  alarmist position. We need to reverse the commonly held view that globalization has                  caused today's insecure labor market. On the contrary, Cohen argues, our own                  propensity for transforming the nature of work has created a niche for globalization                  and given it an ominous dimension, causing some to reject it. Pursuing this                  erroneous line of thought will place the battle for social welfare "on the                  sidelines" when it should be fought "on the inside." Such errors in analysis must                  not persist; as Cohen says, the stakes are too high.

The Wealth of the World and the Poverty of Nations PDF

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