Poging GOUD - Vrij
'TRUMP IS A RESPONSE TO INSTITUTIONAL FAILURE'
Mint Bangalore
|November 05, 2025
James A. Robinson, co-winner of the Economics Nobel 2024, says economic institutions have failed to adjust to globalization
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?
Dit verhaal komt uit de November 05, 2025-editie van Mint Bangalore.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Bangalore
Mint Bangalore
Centre to roll over electric bus and truck incentives to FY27
The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.
1 mins
November 15, 2025
Mint Bangalore
Oct WPI slows to 27-month low amid food price decline
India’s wholesale inflation fell to a 27-month low in October on the back of record low food prices, provisional data from the ministry of commerce and industry showed on Friday.
2 mins
November 15, 2025
Mint Bangalore
US tariff-hit exporters get relief from RBI
In a relief to tariff-hit export-oriented sectors and their lenders, the Reserve Bank of India (RBI) on Friday announced several measures to ease their access to working capital, enable higher borrowing limits, and defer loan repayments until the end of the calendar year.
1 min
November 15, 2025
Mint Bangalore
Relief on specialty steel likely
Govt plans to temporarily suspend strict quality-control rules for importing 55 products to address supply gaps
3 mins
November 15, 2025
Mint Bangalore
Nitish Kumar to rule Bihar, again
Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered
5 mins
November 15, 2025
Mint Bangalore
Wakefit boosts listing size, seeks pre-IPO fundraise
Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.
1 mins
November 15, 2025
Mint Bangalore
Sebi to revamp settlement rules, curb penalties
India’s capital markets regulator has initiated a review of its rules on case settlement to simplify calculations and address concerns on stringent conditions and inflated penalties, three people familiar with the matter said.
1 mins
November 15, 2025
Mint Bangalore
The bespoke tailor to the stars
Meet Madhav Agasti, the self-taught designer who has created costumes for heroes and villains for 50 years
5 mins
November 15, 2025
Mint Bangalore
Celebrating craft in all its forms
When the Mumbai store of Moonray, a four-year-old ready-to-wear label started by Karishma Swali and her daughter, Avantika, shut down a few months ago, it seemed like it would cease to exist. But last week, the same address in the cultural district of Kala Ghoda opened the doors to Chorus, a brand by the mother-daughter duo that expands the Moonray universe to include ready-to-wear, couture, skincare, and a café with craft at the centre.
4 mins
November 15, 2025
Mint Bangalore
Revenue climbs as Marico adjusts to GST rate changes
Homegrown packaged goods company Marico Ltd said the revised goods and services tax (GST) rate cuts introduced in September led to a temporary disruption in trade channels, resulting in destocking at the end of the quarter. Demand trends, however, remained steady in July and August.
1 mins
November 15, 2025
Listen
Translate
Change font size