Abstract
Globalization has become a particularly fashionable way to analyse changes in the international economy and in world politics. Advances in technology and modern communications are said to have unleashed new contacts and intercourse among peoples, social movements, transnational corporations, and governments. The result is a set of processes which have affected national and international politics in an extraordinary way. The chapters of this volume debate the nature and implications of this transformation.
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Notes
For a useful, concise overview see Peter A. Gourevitch, ‘Political Economy’, in Joel Krieger (ed.), The Oxford Companion to Politics of the World (Oxford: Oxford University Press, 1993) pp. 715–19.
For an account of the impact of globalization on global justice, see Richard Devetak and Richard Higgott, ‘Justice Unbound: Globalization, States and Transformation of the Social Bond’, International Affairs, 3 (1999) 483–500.
For a study focused specifically on the effects of globalization on inequality see Andrew Hurrell and Ngaire Woods (eds), Globalization, Inequality, and World Politics (Oxford: Oxford University Press, 1999). 4. Richard N. Cooper, The Economics of Interdependence: Economic Policy in the Atlantic Community (New York: McGraw-Hill for the Council on Foreign Relations, 1968); Robert O. Keohane and Joseph S. Nye, Transnational Relations and World Politics (Cambridge: Harvard University Press, 1971).
Norman Angell, The Great Illusion: a study of the relation of military power in nations to their economic and social advantage (London: Heinemann, 1912), p. 50.
UNDP, Human Development Report (New York: OUP for the United Nations Development Programme, 1997), p. 83.
K. Ohmae, The Borderless World (London: Collins, 1990); K. Ohmae, The End of the Nation State (New York: Free Press, 1995); W. Greider, One World, Ready or Not: The Manic Logic of Global Capitalism (New York: Simon & Schuster, 1997).
Eric Helleiner, States and the Reemergence of Global Finance: From Bretton Woods to the 1990s (New York: Cornell University Press, 1994); and see Chapter 8 of this book.
Anthony McGrew and P. G. Lewis (eds), Global Politics (Cambridge: Polity Press, 1992); T. Nierop, Systems and Regions in Global Politics: An Empirical Study of Diplomacy, International Organization and Trade 1950–1991 (Chichester: John Wiley, 1994).
David Held, Anthony McGrew, David Goldblatt and Jonathan Perraton, Global Transformations: Politics, Economics and Culture (Cambridge: Polity Press, 1999), p. 49.
In the case of Britain, this is well portrayed by M. Clarke, Britain’s External Relations (London: Macmillan, 1992).
Ngaire Woods, ‘Good Governance in International Organizations’, Global Governance, 5 (1999) 39–61 at p. 56.
Dale Eickelman and James Piscatori, Muslim Politics (Princeton: Princeton University Press, 1996).
P. Waterman, Globalization, Social Movements, and the New Internationalisms (London: Mansell, 1998).
Adrian Wood, North-South Trade, Employment and Inequality: Changing Fortunes in a Skill-Driven World (Oxford: Oxford University Press, 1994).
Frances Steward and Albert Berry, ‘Globalization, Liberalization, and Inequality: Expectations and Experience’, in Hurrell and Woods, Inequality, Globalization and World Politics, pp. 150–86.
Stephan Haggard and Steven Webb, Voting for Reform (Washington, DC: World Bank, 1994).
Max Singer and Aaron Wildavsky, The Real World Order: Zones of Peace, Zones of Turmoil (New Jersey: Chatham House, 1993).
Barry Buzan, The European Security Order Recast: Scenarios for the Post-Cold War Era (London: Pinter, 1990).
Dan Deudney and John Ikenberry, ‘The Logic of the West’, World Policy Journal, 10 (1993) 17–25.
Andrew Hurrell and Ngaire Woods, ‘Globalization and Inequality’, Millenium, 24. 3 (1995) 447–70.
John Williamson and Stephan Haggard, ‘The Political Conditions for Economic Reform’, in The Political Economy of Policy Reform (Washington: International Institute for Economics, 1994), p. 530.
Hurrell and Woods. ‘Inequality and Globalization’.
Paul Hirst and Grahame Thompson, Globalization in Question (Oxford: Polity Press and Blackwells Publishers, 1996); Robert Wade, ‘Globalization and its Limits: Reports of the Death of the National Economy are Greatly Exaggerated’, in Suzanne Berger and Ronald Dore (eds), .National Diversity and Global Capitalism (Ithaca: Cornell University Press, 1996).
For a discussion of strong and weak states see: Joel Migdal, Strong Societies and Weak States: State—Society Relations and State Capabilities in the Third World (Princeton NJ; Princeton University Press, 1988); Paul A. Cammack, Strong States, Weak States, and Third World Development (Manchester Papers in Politics 9/92, Department of Government, Victoria University of Manchester, 1992); Michael Handel, Weak States in the International System (London: Frank Cass, 1990).
This two-level process of globalization and state-welfarism has been called ‘embedded liberalism’: John Ruggie, ‘International Regimes, Transactions and Change: Embedded Liberalism in the Postwar Economic Order’, in Stephen Krasner (ed.), International Regimes (Ithaca: Cornell University Press, 1983): and see Chapter 5.
Robert Wade, ‘National power, Coercive Liberalism and “Global Finance”’, in Robert Art and Robert Jervis (eds), International Politics: Enduring Concepts and Contemporary Issues (New York: Addison/Wesley Longman, forthcoming).
Dani Rodrik, The New Global Economy and Developing Countries: Making Openness Work (Washington, DC: Overseas Development Council, 1999), p. 148.
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© 2000 Ngaire Woods
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Woods, N. (2000). The Political Economy of Globalization. In: Woods, N. (eds) The Political Economy of Globalization. Palgrave, London. https://doi.org/10.1007/978-0-333-98562-5_1
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