Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/181466
Authors: 
Palley, Thomas I.
Year of Publication: 
2017
Series/Report no.: 
FMM Working Paper No. 8
Abstract: 
This paper argues Rodrik's (2011) globalization trilemma is analytically mistaken. Rather than a trilemma, globalization poses a dilemma between more globalization and reduced national policy space. Not only may globalization shrink policy space, it may also twist it. The character of the twist depends on the type of globalization. There is no inherent contradiction between globalization and the democratic nation state. However, globalization has significant implications for the content of democratic politics which it tends to restrict. Furthermore, globalization can generate policy lock-in (Palley, 2017) which permanently reduces policy space. That has enormous implications for democracy and future democratic policymaking.
Subjects: 
Globalization
trilemma
dilemma
policy space
policy lock-in
democracy
JEL: 
F0
F02
F50
Document Type: 
Working Paper

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