INS 101 Lecture Notes - Lecture 7: Dani Rodrik, Bretton Woods System, Trilemma

• School: University of Miami
• Department: International Studies
• Course: INS 101
• Professor: John Twitchell

Document Summary

Slide #44: illustration of dani rodrik"s argument about the 3rd contemporary debate about globalization; Theories begin to carry more weight when they are supported by empirical reality: he comes up with his argument in response to the crisis of 2008-2009; The de ning historical moment of our times; That is what the debate is addressing; One of the most serious economic crises of our times; There are scholars who want to explain this: he argues that we cannot pursue to current version of economic globalisation and simultaneously uphold democracy and national determination; If we continue down this path, we can"t continue to have the state system as we have it; All three debates in ipe are like that; Lecture notes: rodrik suggests that a less freewheeling system of economic exchange is created with more regulation and in more harmony with democracy; Slide 44 helps us understand rodrik"s argument: connected to the bretton woods system, oating vs. xed exchange rate systems;