Governing Globalization

Since the UN's creation in 1945 a vast nexus of global and regional institutions has evolved, surrounded by a proliferation of non-governmental agencies and advocacy networks seeking to influence the agenda and direction of international public policy. Although world government remains a fanciful idea, there does exist an evolving global governance complex - embracing states, international institutions, transnational networks and agencies (both public and private) - which functions, with variable effect, to promote, regulate or intervene in the common affairs of humanity. This book provides an accessible introduction to the current debate about the changing form and political significance of global governance. It brings together original contributions from many of the best-known theorists and analysts of global politics to explore the relevance of the concept of global governance to understanding how global activity is currently regulated. Furthermore, it combines an elucidation of substantive theories with a systematic analysis of the politics and limits of governance in key issue areas - from humanitarian intervention to the regulation of global finance. Thus, the volume provides a comprehensive theoretical and empirical assessment of the shift from national government to multilayered global governance. Governing Globalization is the third book in the internationally acclaimed series on global transformations. The other two volumes are Global Transformations: Politics, Economics and Culture and The Global Transformations Reader: An Introduction to the Globalization Debate.

Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.

It is now more than fifty years since the United Nations system and the Bretton Woods institutions were created. The world has changed since then, and so have its governance needs in terms of institutions and rules. It is time to think about the contours of institutions and governance that would meet the needs of the world economy, and also polity, at least for the first quarter of the twenty-first century. This book is among the first to examine the subject in depth. The study is divided into four parts. The first situates the subject in the wider context of globalization which has shaped development in the world economy, affected the living conditions of people, and constrained the role of nation states. The international context and the national setting are explored. The second part analyses some issues of emerging significance in the contemporary world, such as global macroeconomic management, transnational corporations, international capital flows, and cross-border movements of people, to suggest that there are some missing institutions which are needed. The third part provides a critical evaluation of the existing institutions, in retrospect, with a focus on the UN, the IMF, the World Bank, and the WTO. It analyses how existing rules need to be modified or existing institutions need to be restructured to meet the present and future needs of global governance. The fourth part explores some important elements of governance which are critical for any vision of the future. It suggests some changes in existing institutions and points to emerging governance needs where new institutions may have to be created. This authoritative volume will be of value to readers with an interest in international economics, development economics, and international relations. It will also be of value to practitioners, both policy-makers and diplomats, concerned with problems of global governance, and should become the standard reference on the subject.

To pun, Pierre brings globalization down to earth. After all the hype, he serves as an experienced and trustworthy guide to the key question of how far nation states are forced to follow global trends. His answers are nuanced, well-evidenced, and thought-provoking. This should find a place on many reading lists. Christopher Pollitt, Katholieke Universiteit Leuven, Belgium Jon Pierres Globalization and Governance takes on perhaps the most significant question in international political economy: to what extent have nations governance structures been determined and shaped by the recent great forces of globalization? In an ingenious analytical tour de force, he looks at how three very different democracies, Japan, Sweden, and the U.S., have dealt with the economy, intergovernmental relationships, and administrative reform when confronted by globalization trends. His conclusion is a masterful, elegant and convincing argument that boils down to somewhat, but not as much as you (or many other theorists) might think. This is an important, sophisticated and ground-breaking book about the interstices of international and domestic policymaking and political economy that challenges the conventional wisdom. Is there any better kind in the study of governance? Ellis Krauss, University of California, US Globalization and Governance makes a compelling case that domestic political economies can cope creatively, distinctly, and effectively with exogenous pressures for change. However compelling and homogenizing global forces may appear to be, the book shows that Sweden, Japan and the United States continue to demonstrate an overwhelming resilience by entrenched domestic patterns plus powerful learning and adaptive capabilities. This book is a welcome addition to the ongoing debates about globalization; it is full of insights for specialists in both comparative politics and international relations. T.J. Pempel, University of California, Berkeley, US Globalization raises important questions about the governing capacity of domestic institutions. In Globalization and Governance, Jon Pierre studies the impact of international norms and prescriptions on domestic governance in Japan, Sweden and the United States. The empirical analysis is focused on economic governance, administrative reform and intergovernmental relationships. Drawing on survey data, documents and interviews, the analysis finds that domestic institutions still intrinsically shape domestic governance. International norms towards deregulation and market-based administrative reform confront domestic institutions with prescriptions for reform but the three countries provide only very few examples of unmitigated domestic implementation. What Jon Pierre calls the microfoundations of globalizationthe assessment, adoption or rejection of international norms and ideas in vogueis a complex process where domestic institutions and path dependencies remain at the helm. The most important exception to this pattern is governance during financial crises where countries are dependent on conditioned support from transnational institutions. This insightful and informative book will appeal to researchers, academics, post-graduate, as well as undergraduate, students in governance, political economy and international relations.

Altered States: Globalisation, Sovereignty, and Governance

Globalization and Governance is a completely up-to-date, impartial survey of a variety of perspectives on what constitutes governance and how globalization may impact governance and the state. Eleven essays and a thorough introduction provide a theoretical framework and a literature overview. Unlike most books on the subject, this does not espouse any ideological agenda and examines the topical subject of globalization in a conceptually rigorous way.

It is now more than fifty years since the United Nations system and the Bretton Woods institutions were created. The world has changed since then, and so have its governance needs in terms of institutions and rules. It is time to think about the contours of institutions and governance that would meet the needs of the world economy, and also polity, at least for the first quarter of the twenty-first century. This book is the first to examine the subject in depth.

"This book investigates the impact of diverse cultures on the development and actualization of global economic entities, exploring advanced methods and best practices for the effective utilization and management of financial organizations within a globalized political context"--Provided by publisher.