• Summary
  • Contents
  • Subject index

The study of international relations now goes well beyond state-to-state politics and even regional politics. Technological forces are working their effects on the world as a whole, bringing state and non-state actors into contact with one another. Globalization, Institutions and Governance provides students with a sophisticated and engaging exploration of the often differing impacts of these technological forces and the wider implications of globalization for theories of global governance and the role of international institutions.

Globalization and Governance
Globalization and governance

In this chapter, we focus on the regulation and governance of global economic, social, and cultural processes. Consistent with our overall approach, we see globalization as constituted by political decisions in the first place. Free trade, open capital borders, migration, and the internationalization of the entertainment industry, where they exist, all resulted from explicit political decisions. In short, globalization is not the result of blind and uncontrolled technological forces; quite the opposite – globalization is endogenous to politics. Second, once in place, globalization is not a self-regulating process. Markets at the global level can become imbalanced just as they can at the national level. They can suffer from insufficient demand, under- or over-investment, trade imbalances, excessive debt, currency speculation, fraud, ...

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