Swiss Economicblogs.org
On his blog, Dani Rodrik argues that the fact that an international rule is negotiated and accepted by a democratically elected government does not inherently make that rule democratically legitimate. Rodrik distinguishes two types of international commitments. On the one hand, there are commitments that help to overcome time-inconsistency problems. [For example, the government] would like to commit to free trade or to fiscal balance, but realizes that over time it will give in to...
Read More »