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The new conventional wisdom on globalization emphasizes that reaping the benefits of trade and financial integration is … continue to pose an important constraint on the world economy. In reality, lack of openness is no longer the binding constraint … alike. An alternative approach to globalization would focus on enhancing policy space rather than market access, and on …
Persistent link: https://www.econbiz.de/10005666608
The nation-state system, democratic politics, and full economic integration are mutually incompatible. Of the three, at most two can be had together. The Bretton Woods/GATT regime was successful because its architects subjugated international economic integration to the needs and demands of...
Persistent link: https://www.econbiz.de/10005136608
optimal. An intermediate outcome, a world divided into diverse polities, is the best that we can do. …
Persistent link: https://www.econbiz.de/10011084069