Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
'TRUMP IS A RESPONSE TO INSTITUTIONAL FAILURE'
Mint Chennai
|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 Chennai.
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 Chennai
Mint Chennai
What went into quadrupling Jio Payments Bank's footprint
Jio Payments Bank Ltd is aggressively expanding its sales network to catch up with market leader Airtel Payments Bank, with the aim of using this wider reach to acquire customers for its more profitable financial products.
2 mins
November 25, 2025
Mint Chennai
British cosmetic co Lush re-enters India
British cosmetics retailer Lush, which is reentering India after close to three decades, looks to tap the fast-growing luxury segment in beauty & personal care and expects the country to be among its top 10 global markets in the next 3-5 years, its co-founder Rowena Bird said.
1 min
November 25, 2025
Mint Chennai
AI ignites the return of Bezos the inventor
‘Tm the least retired person in the world,’ Amazon founder says
4 mins
November 25, 2025
Mint Chennai
Diwali is past, but shopping season is roaring ahead
India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.
1 min
November 25, 2025
Mint Chennai
Let digital links and AI fix gaps in power grids as they go green
Digital interoperability and AI can deliver energy efficiency and resilience against transition shocks
3 mins
November 25, 2025
Mint Chennai
TCS, Wipro US patent suits worsen IT's woes
Two of the country’s largest information technology (IT) services companies—Tata Consultancy Services Ltd and Wipro Ltd—faced fresh patent violations in the last 45 days, signalling challenges to their expansion of service offerings.
1 min
November 25, 2025
Mint Chennai
Quality control orders: Let's fix all distortions
Dropping QCOs that act as import barriers for factory inputs will help reduce costs but India should also tackle other distortive aspects of our trade policy that do the economy a disservice
2 mins
November 25, 2025
Mint Chennai
SC clears Sandesarass after ₹5,100-crore settlement deal
Court drops all criminal proceedings against Sterling Biotech promoters in a bank fraud case
3 mins
November 25, 2025
Mint Chennai
Sunteck in Dubai with ₹10,000-cr luxe project
Sunteck Realty Ltd has ventured into the Dubai property market with a ₹10,000-crore luxury project in the prime Downtown Dubai area, at a time when the city is witnessing a surge in demand for high-end properties.
1 min
November 25, 2025
Mint Chennai
Govt plans reform push in winter session
The government is preparing to push a packed reform agenda through parliament's short winter session that will start 1 December, with 15 sittings scheduled to clear major legislations tied to crucial issues, including ease of doing business, regulatory consolidation, foreign investment, and sectoral reforms.
1 mins
November 25, 2025
Listen
Translate
Change font size