01:790:358 Chapter 9-12: the globalization paradox by Dani Rodrik, chapter 9: The Political Trilemma of the World Economy, Chapter 10: Is Global Governance Feasible? Is it Desirable, Chapter 11: Designing Capitalism 3.0, and Chapter 12: A Sane Globalization
9 Jan 2019
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Document Summary
When hypergloablization and the nation state work together it takes away from democracy because the nation state focus would be on what"s best for the global market not on what is best for the country (rodrick, 192). The combination of hypergloablization and democracy looks like a global governance system, with global standards and a centralized institution to regulation all countries, which would weaken the sovereignty of a nation-state. Democracy and the nation state is similar to the bretton woods compromise, which rodrick suggest is what we should be aiming for because it would encourage policy space and instituional diversity (rodrick, 193). In chapter 10 rodrick explains what global governance would look like and argues that it is not desirable, and it is more of a fantasy than a reality. The european union is an example of a system of global governance which serves to show its potential and limitations (rodrick, 208).
