@BAllanHansen

Tuesday, February 17, 2009

Rodrik on the Reinvention of Capitalism

Dani Rodrik writes that "we need to contemplate a transition from the national version of the mixed economy to its global counterpart.
This means imagining a better balance between markets and their supporting institutions at the global level. Sometimes, this will require extending institutions outward from nation-states and strengthening global governance. At other times, it will mean preventing markets from expanding beyond the reach of institutions that must remain national.The right approach will differ across country groupings and among issue areas.
Designing the next capitalism will not be easy."

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