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Domestic Responses to the Pressures of Globalization
Domestic responses to the pressures of globalization
Introduction

This chapter will focus on the ways that domestic actors and institutions respond to the pressures of globalization. The globalization of trade and capital puts pressure on states around the world to open their markets to foreign competition, reduce barriers to trade, and subscribe to other neoliberal economic policies favoured by the World Trade Organization, International Monetary Fund, and other international economic institutions. States vary greatly, however, in the benefits they will reap from globalization as well as the costs they will face. This is because globalization creates winners and losers – some have much to gain, while others are marginalized or are left worse off. States also vary in their national ...

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