How Far Will International Economic Integration Go? | Zendy

Dani Rodrik | Zendy

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How Far Will International Economic Integration Go?

Author(s) -

Dani Rodrik

Publication year - 2000

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.14.1.177

Subject(s) - trilemma , federalism , sovereignty , economic integration , politics , state (computer science) , world economy , economics , political economy , political science , economic system , international trade , economy , law , keynesian economics , monetary policy , algorithm , computer science

This article speculates about the future of the world economy 100 years from now. It argues that the spread of markets is restricted by the reach of jurisdictional boundaries, and that national sovereignty imposes serious constraints on international economic integration. The political trilemma of the world economy is that international economic integration, the nation-state, and mass politics cannot co-exist. We have to pick two out of three. The article predicts that it will be the nation-state system that disappears, with global federalism taking its place.

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