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… — Dani Rodrik Copy Share Image
National markets are held together by shared values and confidence in certain minimum standards. But in the new global market, people do not yet have that confidence. — Kofi Annan Copy Share Image
