Harvard economist Dani Rodrik argues that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. While the world economy is becoming an international system, the political systems of the world remain based in the construct of the nation-state. And while nations have organized some international political and economic governing authorities, such as the WTO, IMF, and World Bank, a comprehensive and widely accepted international system to regulate the global economy does not exist. When the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. What are the most effective responses to today's globalized economy? Is Rodrik's vision of 'balanced prosperity' based on globalization supported by a light frame of international rules feasible? How can national governments reclaim a role in managing globalization under his proposals?