A note on Dani Rodrik, “Populism and the economics of globalization”

As far as trade as a cause of anti-globalism is concerned, Dani Rodrik’s analysis is built on the Stolper–Samuelson theorem, which shows only a wage decline through static equilibrium analysis. Although this distributional effect on labor welfare is one focal point of populist anti-globalism, other globalization-related issues – notably, obstinate joblessness and “rusted-out” towns – for which trade liberalization is partially accountable, are...