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Quote by Dani Rodrik

“Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global lender of last resort, no global safety net, and of course, no global democracy. In other words, global markets suffer from weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.”

Quote by Dani Rodrik

Book:The Globalization Paradox: Why Global Markets, States, and Democracy Can't Coexist
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The Globalization Paradox: Why Global Markets, States, and Democracy Can't Coexist

This book delves into the intricate relationship between global markets, states, and democracy, examining the potential conflicts and incompatibilities that arise from their coexistence. more

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Dani Rodrik
Dani Rodrik

Dani Rodrik is a renowned economist born on August 14, 1957. He has made significant contributions to the fields of international economics, development economics, and trade policy. more

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“Neoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite. The theoretical utopianism of neoliberal argument has, I conclude, primarily worked as a system of justification and legitimation for whatever needed to be done to achieve this goal.”

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Book:A Brief History of Neoliberalism
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