Harvard economist Dani Rodrik details the downside of hyperglobalization, and calls for a better balance between global rules and national autonomy.
by Michelle Nicholasen
For more than two decades, economist Dani Rodrik has warned about the dangers of what he has called “hyperglobalization.” He has long argued that national economies and domestic policies should have priority amidst a rising tide of unfettered globalization and open markets. Today we have some evidence that he was right. Our race toward “one world economy” has produced consequences in the form of global social inequality and populist or extremist political movements, for example. Rodrik envisions a way to keep bringing down trade barriers while maintaining the integrity of the nation-state. His latest book, Straight Talk on Trade, is a synthesis of his monthly columns for Project Syndicate, and functions as a roadmap of Rodrik’s prolific analyses. The Weatherhead Center spoke to him about his long view on world economies.... Read more about Striking a Balance: Straight Talk on the Global Economy
Establishing political order in the UK and EU after historic Brexit vote
Second in a series on what Weatherhead Center scholars think about the unfolding institutional, political, and economic consequences of the June 23 United Kingdom referendum on European Union membership.
Disbelief from last month’s vote for Brexit lingers. Proponents of Britain’s continued EU membership want to revisit the decision. Some hope the British parliament will vote against implementing the referendum, or that the next prime minister will decide not to trigger Article 50 of the Treaty of Lisbon. Others suggest Scotland could refuse to consent to Brexit. There is also an online petition urging a second referendum, and there are calls for a general election.... Read more about Background to Brexit: How to Leave the EU