Unformatted text preview: What was wrong with the old?: According to Rodrik, these assertions made by the old narrative were NOT always correct: o Markets are efficient. o Self-regulation works best. o Financial innovation transfers risk to those best able to bear it. o Government intervention is ineffective and harmful. Purpose for establishing a new narrative: Convince reader by the end of the book that re-empowering national democracies will in fact place the world economy on a safer, healthier footing...
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- Fall '08
- Government, Rodrik, New Narrative, old narrative