Summary:
The book presents a critical analysis of globalization and its impact on national economies, advocating for a balance between free trade and protective measures to ensure economic stability and social cohesion. It offers a nuanced perspective on trade policy, suggesting reforms that can help nations to benefit from global markets while maintaining sufficient regulatory autonomy to address domestic priorities and inequalities.
Key points:
1. Globalization Trilemma: Rodrik's concept suggests we can't have democracy, national sovereignty, and global economic integration all at once. We must sacrifice one for the other two.
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