Centrifugal and Centripetal Forces on Economic Areas
The flurry of secessionist around the world today raises important questions about optimal political and economic arrangements. But if there is any clear takeaway, it is that "optimal" is a moving target: good governance entails adaptability to constantly changing circumstances and accommodation of diversity.
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STANFORD – Several years ago, I predicted that there would be a tectonic shift toward devolution, secession, and independence around the world, owing to the failure of political institutions to manage economic, cultural, ethnic, and religious differences.