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What is Rodrik's Trilemma, especially in the context of Globalisation? (slightly in depth)
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Solved in 3 steps
- What are the underlying philosophies of the varying definitions of globalization? Explain briefly.what is the role of economics in the emergence of globalization?According to the case study, "the theory maintained that globalisation championed by the developed economics does not necessarily transcend to economic growth in developing countries, the theory suggested that nations should seek for solution inward by making efficient utilization of domestic resources rather than looking outwards which normally compound the economic problems ". With reference to the above extract, provide a critical discussion on the relevance of globalisation in light of covid 19 pandemic. Source: https://www.sciencedirect.com/science/article/pii/S2405844020308537
- After the Seattle 1999 World Trade Organisation Ministerial Conference there were many demonstrations against the idea of globalisation. Why were these demonstrations mostly directed at the IMF?What are the implications of globalization on the fight against covid 19? Did globalizationspread covid 19 or is it the tool to fight it?In no more than 10 sentences, How globalization affects the supply chain?