The political globalisation trilemma revisited : An empirical assessment across countries and over time

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Title: The political globalisation trilemma revisited : An empirical assessment across countries and over time
Author: Funke, Michael ; Zhong, Doudou
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Discussion Papers
ISSN: 1456-5889
Series year: 2020
Series number: 19/2020
Year of publication: 2020
Publication date: 11.8.2020
Pages: 24
Subject (yso): globalisaatio; demokratia; politiikka; taloudellinen integraatio; poliittinen integraatio
Keywords: Bofit-kokoelma; kansallinen suvereniteetti; trilemma; kansainvälinen integraatio
JEL: F60; F62; F15; F68
Other keywords: political trilemma; globalisation; democratic politics; national sovereignty
Abstract: The political hyperglobalisation trilemma asserts that a government cannot simultaneously opt for deep international integration, national sovereignty and democratic politics, but rather is constrained to choosing two of the three at most. This paper presents a new and comprehensive cross-country panel dataset operationalising the multifaceted three vertices of the trilemma. After an explorative data analysis, we employ panel error-correction techniques to uncover the mutual interdependencies among the variables in the system. The econometric evidence supports the existence of a long‐run relationship between economic integration, national sovereignty and democratic politics as postulated in the political globalisation trilemma.
Rights: https://helda.helsinki.fi/bof/copyright


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