Thursday, June 28, 2007

Dani Rodrik's 'Impossibility Theorem"

Dani Rodrik has an interesting post:
http://rodrik.typepad.com/dani_rodriks_weblog/2007/06/the-inescapable.html
Excerpt: " I have an "impossibility theorem" for the global economy that is like that. It says that democracy, national sovereignty and global economic integration are mutually incompatible: we can combine any two of the three, but never have all three simultaneously and in full."
Perhaps, more open borders may lessen the incompatibility.

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