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Yet, as Professor Dani Rodrik of Harvard University has noted, globalisation constrains national autonomy. He writes that 'democracy, national sovereignty and global economic integration are mutually incompatible: we can combine any two of the three but never have all three simultaneously and in full'. If countries are free to set national regulations, the freedom to buy and sell across frontiers will be reduced. Alternatively, if barriers are removed and regulations harmonised, the legislative autonomy of states will be limited. Freedom of capital to cross borders is particularly likely to constrain states’ ability to set their own taxes and regulations.Moreover, a common feature of periods of globalisation is mass migration. Movement across borders creates the most extreme conflict between individual liberty and democratic sovereignty. The former says that people should be allowed to move where they like. The latter says that citizenship is a collective property right, access to which citizens control. Meanwhile, businesses view the ability to hire freely as invaluable. It is not merely unsurprising that migration has become the lightning rod of contemporary democratic politics. Migration is bound to create friction between national democracy and global economic opportunity."
This is a jam-packed article that brings up a lot of important issues. I hope it gets widely read and considered.