Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.

Friday, May 04, 2007

Future of globalization

Must read : Dani Rodrik's brilliant paper - Feasible Globalizations.

We want economic integration to help boost living standards. We want democratic politics so that public policy decisions are made by those that are directly affected by them (or their representatives). And we want self-determination, which comes with the nation-state. This paper argues that we cannot have all three things simultaneously. The political trilemma of the global economy is that the nation-state system, democratic politics, and full economic integration are mutually incompatible. We can have at most two out of the three. It follows that the direction in which we seem to be headed—global markets without global governance—is unsustainable.

All serious students of globaliation will do well to pay heed to Rodrik's thesis. I will write a more detailed post on this later. Suffice it to say that Rodrik's ideas not only explain what's going on at the WTO, but give great insights on where we're headed.

-- Mahashunyam // 4:51 AM // 1 comments


Offtopic, but anyway:
They stole your name :-)
// Blogger xenon // 5:48 PM

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