Wednesday, August 23, 2017

Democracy, Globalization, Nationalism... Pick two out of three?


"I have an "impossibility theorem" for the global economy that is like that. It says that democracy, national sovereignty and global economic integration are mutually incompatible: we can combine any two of the three, but never have all three simultaneously and in full."

The inescapable trilemma of the world economy (Dani Rodriks)

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