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The paradox of globalisation is that pushing it too far undermines its own institutional foundations

Rodrik, Dani (2014) The paradox of globalisation is that pushing it too far undermines its own institutional foundations. LSE American Politics and Policy (04 Jan 2014). Website.

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Abstract

"Is there a paradox in globalisation? Dani Rodrik writes that a delicate balance exists between democracy and processes of globalisation. He notes that as different societies have different needs and preferences in terms of how they structure the institutions required to ensure markets function correctly, democratic pressures are likely to lead to a variety of different institutions across different territories. This diversity inhibits the global integration of markets by raising transaction costs across jurisdictions. Consequently, a world which is fully responsive to democratic preferences will be unable to achieve full globalisation.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2014 The Author; Online
Divisions: LSE
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 30 Jul 2014 09:47
Last Modified: 23 Sep 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/58491

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