Lecture 38 Globalization II

Lecture 38 Globalization II - Lecture 38 Globalization II...

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Lecture 38 – Globalization II - Implications of Globalization on Domestic Governance - Implications of Globalization for the State - Implications of Globalization for Democracy Implications - What does this mean? o The state has traditionally acted as a counterweight to free markets, especially through regfulation and redistribution Modern developed democracies are “mixed economies” o In an internationalized economy, the ability of the state to “govern” the economy is reduced o Meanwhile, global political institutions have not yet been able to adapt to the new situation o And even if they had, at this point, there is no direct accountability to national-level citizens - Moreover, new issues of global nature potentially cannot be dealt with effectively at level of national governments - Therefore, the globalization process is constraining power of the state. .. - ...and thus undermining the traditional structure not only of international politics, but also of national politics. - Examples? Example: The Welfare State - As globalization progresses and erodes the decision-making power of national governments, who will address the demands of the marginalized and
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Lecture 38 Globalization II - Lecture 38 Globalization II...

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