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'TRUMP IS A RESPONSE TO INSTITUTIONAL FAILURE'

Mint Kolkata

|

November 05, 2025

James A. Robinson, co-winner of the Economics Nobel 2024, says economic institutions have failed to adjust to globalization

- Ravi Krishnan

US President Donald Trump is a response to institutional failure; he is not the source of institutions weakening, says James A. Robinson, co-winner of the Economics Nobel 2024. Known for his pioneering research on how institutions are formed and how they determine prosperity, Robinson is in India for the Nobel Prize Dialogue 2025, a series of talks that brings together Nobel laureates, policy makers and thought leaders to discuss global issues, in partnership with Tata Trusts.

The laureate described the current global situation as a “crisis of the liberal model of growth” and said we need to reimagine more inclusive models of development. He also believes that the next inequality shock is coming-artificial intelligence will make it worse.

Mint caught up with him for a conversation on current economic affairs, the rise of China and India, and the next big economic puzzle. Edited excerpts from an interview:

What are the lessons from Trump undermining institutions in the past few months? Are institutions as deep rooted as they are made up to be, even in mature Western democracies?

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For a weakened Zelensky, yielding to Trump is riskier than defiance

Buffeted by a corruption scandal that has sparked fury across Ukraine, President Volodymyr Zelensky is in political trouble at home, weaker than at any point since the full-scale Russian invasion of his country began nearly four years ago.

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Tesla vs Tesla: HC grants protection to Musk’s company

The Delhi High Court on Monday granted interim protection to Elon Musk-led Tesla Inc. in its trademark infringement case with Gurugram-based Tesla Power India Pvt. Ltd.

time to read

1 mins

November 25, 2025

Mint Kolkata

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AI bond flood adds to market pressure

their hype; even a ratings downgrade can hurt returns, let alone a default.

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What went into quadrupling Jio Payments Bank's footprint

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time to read

2 mins

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Mint Kolkata

Govt plans reform push in winter session

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time to read

1 mins

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Page Industries scouts for missing piece of comeback puzzle

Page Industries Ltd has been struggling with muted growth.Its thrust on operational efficiencies, calibrated distribution expansion and new product launches is yet to reignite the dwindling investor faith.

time to read

1 mins

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Mint Kolkata

SIM misuse risk falls on users

Mobile subscribers may be held liable if a SIM card procured in their name is found to have been misused for cyber fraud or other illegal activities, an official statement said on Monday.

time to read

1 min

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How online bond platforms are powering retail investor interest

Lowering the minimum bond investment from %1 lakh to 710,000 has opened the market to first-time investors

time to read

4 mins

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Mint Kolkata

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SC clears Sandesarass after ₹5,100-crore settlement deal

Court drops all criminal proceedings against Sterling Biotech promoters in a bank fraud case

time to read

3 mins

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Vibe coding: Make way for intuition-driven software

New jargon emerges regularly in the world of software development. Most terms vanish quickly, but ever so often, a term bubbles up from the cultural stew and goes mainstream—not because it introduces a breakthrough technology, but because it captures a shift in how people think about software development. ‘Vibe coding’ is one such phrase. It’s a term that reveals more about the future of programming than its whimsical name suggests.

time to read

3 mins

November 25, 2025

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