In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring David Dollar, World Bank; and Mark Weisbrot, Center for Economic and Policy Research.
Has the wave of globalization that began some 20 years ago spurred growth and reduced world poverty? Mark Weisbrot will explain why he thinks that global economic integration has been disruptive to developing countries and left most poor countries behind. He will argue that growth has slowed in the post-1980 period, and the poor have frequently not shared in the gains from economic expansion. David Dollar will explain why globalization has increased growth and reduced poverty in countries that have chosen to integrate in the world economy without increasing inequality within those countries. Because globalizing countries are catching up to rich countries, he will argue, the centuries-long rise in global inequality has ended and may even be reversing itself. Please join us as both speakers try to sort out facts and misperceptions in the debate about globalization.