Lecture 13 Flashcards
1
Q
Automation and technology
A
- Many of the lost jobs placed on foreign competition are
due to technological change
Research indicates 80% of manufacturing jobs lost are due to
technology (Autor et al. 2013) - In fact, manufacturing has risen in the US & EU if
measured by total output and not employment.
2
Q
Rodrik Trilemma
A
One argument against globalization is that nations must give up
some sovereignty or democracy.
Rodrik’s Trilemma states it is impossible for countries to
simultaneously achieve:
* Hyper-globalization - No political or cultural barriers to the flow of goods and
investment
* Sovereignty – pursue the policies that it chooses
* Democracy – liberty and political equality
3
Q
Backlash globalization
A
- It is real and driven by economic anxiety/competition
- It is real but driven by “othering” or ethnic/racial hostility
- It isn’t real, globalization is being blamed for other things
a) Domestic policies that drive inequality
b) Automation & robots - Everything is fine…
4
Q
Was trump response to globalization?
A
- Maybe
- Some evidence that exposure to manufacturing job losses
leads to less support for incumbents - Though, Trump supporters are not the poorest in the
country. Their income is higher than Non-Trump voters
on average. - Trump support is empirically driven more by ”othering”
or cultural backlash – see work by Pippa Norris
5
Q
Unsatisfactory globalization conclusion
A
- Some but not conclusive evidence that there is a globalization backlash
- Increasingly, more evidence that social (status threat), not economic, factors are driving
Brexit & Trump support and broader populist backlash. - May not be either or: economic precarity may heighten cultural/sociopsychological
variables - Still much more research is needed to answer this really important question.