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The design of institutions is shaped by a fundamental trade-off. On the one hand, relationships and heterogeneity push governance down. On the other, the scale and scope benefits of market integration push governance up. A corner solution is rarely optimal. An intermediate outcome, a world...
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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...
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antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty … the dictates of the international globalization establishment. A definitive statement of Rodrik's original and influential … perspective on economic growth and globalization, <i>One Economics, Many Recipes</i> shows how successful countries craft their …
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