Building on specific ideas I recently spelled out for a better version of financial globalisation, I will issue a more general call for “sustainable globalisation” which should be efficient, enduring and equitable.8 These elements have important implications for the European project, both in its internal and external dimensions, as I will make clear in my conclusion.
Political fallacies about globalisation It’s often said that globalisation undermines national sovereignty and democracy. A more sophisticated version of this popular claim appears in academic discussions about the “political trilemma of the world economy”.