When it comes to free trade, democracy, and national sovereignty, you have to pick two and abandon one, so Dani Rodrik emphasizes. Herein lies the trilemma, which is related to a particular kind of globalization that we have been striving for since the 1980s, and which Rodrik calls hyperglobalization. It is an attempt to get rid of all the transactional costs associated with the national borders. This conception of globalization - which has been taken to its most extreme form in the Eurozone - runs into severe problems in practice, he argues. The trilemma manifests itself in all globalized sectors, such as trade, finance, and migration.
www.ubscenter.uzh.ch/en/news_...
www.ubscenter.uzh.ch/en/events...
Dani Rodrik is the Ford Foundation Professor of International Economy at the John F. Kennedy School of Government at Harvard University. He has pub- lished widely in the areas of economic development, international economics and political economy. His current research focuses on populism, industrializa- tion and structural change in developing economies, and interaction of ideas and interests in policy change. The question of what constitutes good economic policy and why some governments are more successful than others at adopting it, is at the center of his research.
His newest book is Straight Talk on Trade: Ideas for a Sane World Economy (2017). He is also the author of Economics Rules: The Rights and Wrongs of the Dismal Science (2015), The Globalization Paradox: Democracy and the Future of the World Economy (2011), and One Economics, Many Recipes: Globalization, Institutions, and Economic Growth (2007). He is currently President-Elect of the International Economic Association.
#EconomicsForSociety #UniversityOfZurich #UBSCenterForum