CharlesS’s Reviews > The Globalization Paradox: Democracy and the Future of the World Economy > Status Update
CharlesS
is 3% done
A healthy global economic system necessitates a delicate compromise between governments and global markets. Give too much power to governments, you have protectionism and autarky. Give too much power to markets, you have unstable world economy with little social and political support.
— Feb 25, 2019 08:07AM
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CharlesS’s Previous Updates
CharlesS
is 3% done
Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only weakly embedded. There’s no global antitrust authority, no global lender of last resort...
Global markets suffer from weak governance and are therefore prone to instability, inefficiency, and weak popular legitimacy.
— Feb 25, 2019 08:05AM
Global markets suffer from weak governance and are therefore prone to instability, inefficiency, and weak popular legitimacy.
