According to the "comparative institutional advantage" idea, globalization will eventually overwhelm the power of nation-states to set distinct economic policies.

Question

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The "comparative institutional advantage" concept suggests that globalization does not necessarily overwhelm the power of nation-states to set distinct economic policies. Instead, it argues that different countries can maintain unique institutional frameworks that give them specific advantages in the global economy, allowing them to pursue diverse economic policies.

According to the "Comparative Institutional Advantage" Idea, Globalization Will Eventually