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Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global lender of last resort, no global safety net, and of course, no global democracy. In other words, global markets suffer from weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.
Dani Rodrik
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The Chinese and their government are wedded to a different conception of society and polity: community-based rather than individualist, state-centric rather than liberal, authoritarian rather than democratic. China has 2,000 years of history as a distinct civilization from which to draw strength. It will not simply fold under Western values and institutions.
Dani Rodrik
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Pity the selfishness of lovers: it is brief, a forlorn hope, it is impossible.
Elizabeth Bowen
Dani Rodrik
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Born:
August 14, 1957
(age 67)
Bio:
Dani Rodrik is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O.
Known for:
One Economics, Many Recipes (2007)
Has globalization gone too far? (1997)
In Search of Prosperity (2003)
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