6 Jul 2019
Will the Return of Sovereignty Kill Free Trade?
Globalization has gradually been perceived as a threat to the sovereignty of democratic states by subjecting them to economic forces that could contradict the will of the population majority. This is what Dani Rodrik called the “political trilemma of the economy” according to which national sovereignty, democracy and globalization cannot coexist. Does the return of sovereignty that we see at work in our democratic societies mean, beyond the current protectionist tensions, the end of globalization? Would the inequalities generated by globalization be reduced by challenging free trade? Are there forms of globalization, regional and international agreements, national policies that make it possible to leave this trilemma? Does the return of protectionism and trade power threaten the ideal of a peaceful world? What would the construction of European sovereignty entail?
Cercle des économistesBiography
Editorial director and columnist
Director of Trade, Regional Integration and Investment Climate
World Bank GroupBiography
Member of Parliament
Vice President for Global Public Policy
Amazon Web ServicesBiography
Founder and Chairman