HKS Affiliated Authors
Ford Foundation Professor of International Political Economy
Excerpt
Excerpt
The Globalization Paradox in a nutshell. Dani Rodrik, January 2, 2014, Opinion. "Is there a paradox in globalisation? Dani Rodrik writes that a delicate balance exists between democracy and processes of globalisation. He notes that as different societies have different needs and preferences in terms of how they structure the institutions required to ensure markets function correctly, democratic pressures are likely to lead to a variety of different institutions across different territories. This diversity inhibits the global integration of markets by raising transaction costs across jurisdictions..." Link