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Political Trilemma Of The World Economy
The political trilemma of the world economy is a concept created by economist Dani Rodrik to capture the trade-offs that governments faced in their responses to globalization. The trilemma holds that " democracy, national sovereignty and global economic integration are mutually incompatible: we can combine any two of the three, but never have all three simultaneously and in full." According to Rodrik, states embraced globalization and national autonomy in the late 19th century, but sacrificed democratic decision-making. In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. Rodrik first presented the trilemma in a 2000 paper. See also * Impossible trinity The impossible trinity (also known as the impossible trilemm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dani Rodrik
Dani Rodrik (born August 14, 1957) is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of the Social Sciences at the Institute for Advanced Study in Princeton, New Jersey. He has published widely in the areas of international economics, economic development, and political economy. 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 works include ''Economics Rules: The Rights and Wrongs of the Dismal Science'' and ''The Globalization Paradox: Democracy and the Future of the World Economy''. He is also joint editor-in-chief of the academic journal '' Global Policy''. Biography Rodrik is descended from a family of Sephardic Jews. After graduating from Robert College in Istanbul, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globalization
Globalization, or globalisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling differences#-ise, -ize (-isation, -ization), see spelling differences), is the process of foreign relations, interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the Post-Cold War era, post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and Information and communications technology, communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primari ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democracy
Democracy (From grc, δημοκρατία, dēmokratía, ''dēmos'' 'people' and ''kratos'' 'rule') is a form of government in which people, the people have the authority to deliberate and decide legislation ("direct democracy"), or to choose governing officials to do so ("representative democracy"). Who is considered part of "the people" and how authority is shared among or delegated by the people has changed over time and at different rates in different countries. Features of democracy often include freedom of assembly, freedom of association, association, property rights, freedom of religion and freedom of speech, speech, Social exclusion#Social inclusion, inclusiveness and political equality, equality, citizenship, consent of the governed, voting rights, freedom from unwarranted governmental wikt:deprivation, deprivation of the right to life and liberty, and minority rights. The notion of democracy has evolved over time considerably. Throughout history, one can find evid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Sovereignty
Westphalian sovereignty, or state sovereignty, is a principle in international law that each state has exclusive sovereignty over its territory. The principle underlies the modern international system of sovereign states and is enshrined in the United Nations Charter, which states that "nothing ... shall authorize the United Nations to intervene in matters which are essentially within the domestic jurisdiction of any state." According to the idea, every state, no matter how large or small, has an equal right to sovereignty. Political scientists have traced the concept to the Peace of Westphalia (1648), which ended the Thirty Years' War (1618–1648) and Eighty Years' War (1568–1648). The principle of non-interference was further developed in the 18th century. The Westphalian system reached its peak in the 19th and 20th centuries, but it has faced recent challenges from advocates of humanitarian intervention. Principles and criticism A series of treaties make up the Peace of Wes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Integration
Economic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and non-tariff restrictions on trade. The trade-stimulation effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best: where, in theory, the best option is free trade, with free competition and no trade barriers whatsoever. Free trade is treated as an idealistic option, and although realized within certain developed states, economic integration has been thought of as the "second best" option for global trade where barriers to full free trade exist. Economic integration is meant in turn to lead to lower prices for distributors and consumers with the goal of increasing the level of welfare, while leading to an increase of economic productivity of the states. Objective There are economic as well as political reasons why nations pursue economic integration. The economic rationale for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Typepad
Typepad is a blogging service owned by Endurance International Group, previously owned by SAY Media (from the merger of Six Apart Ltd and VideoEgg). Originally launched in October 2003, Typepad is based on Six Apart's Movable Type platform, and shares technology with Movable Type such as templates and APIs, but is marketed to non-technical users and includes additional features like multiple author support, photo albums and mobile blogging. The service is available in several languages and countries around the world. In the United States, Typepad was sold at four different paid subscription levels. Typepad was used by many large organizations and media companies to host their weblogs, such as ABC, MSNBC MSNBC (originally the Microsoft National Broadcasting Company) is an American news-based pay television cable channel. It is owned by NBCUniversala subsidiary of Comcast. Headquartered in New York City, it provides news coverage and politic ..., the CBC, the BBC a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Endurance International Group
Endurance International Group (EIG) previously named BizLand was an IT services company specializing in web hosting. The company was founded in 1997 and was headquartered in Burlington, Massachusetts, USA.The Endurance International Group, Inc. , ''Bloomberg Businessweek''. Retrieved April 12, 2011 It achieved its size by acquiring a large number of smaller companies.Rich Miller NetCraft, May 9, 2007 In 2021 Endurance International Group merged with Web.com forming a new company, Newfold Digital. |
Impossible Trinity
The impossible trinity (also known as the impossible trilemma or the Unholy Trinity) is a concept in international economics which states that it is impossible to have all three of the following at the same time: * a fixed foreign exchange rate * free capital movement (absence of capital controls) * an independent monetary policy It is both a hypothesis based on the uncovered interest rate parity condition, and a finding from empirical studies where governments that have tried to simultaneously pursue all three goals have failed. The concept was developed independently by both John Marcus Fleming in 1962 and Robert Alexander Mundell in different articles between 1960 and 1963. Historically in advanced economies, the periods pre-1914 and 1970–2014 were characterized by stable foreign exchange rates and free capital movement, whereas monetary autonomy was limited. The periods 1914–1924 and 1950–1969 had restrictions on capital movement (e.g. capital controls), but exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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