By Daniel W. Drezner
Has globalization diluted the facility of nationwide governments to manage their very own economies? Are foreign governmental and nongovernmental organisations weakening the carry of geographical regions on worldwide regulatory agendas? Many observers imagine so. yet in All Politics Is Global, Daniel Drezner argues that this view is incorrect. regardless of globalization, states--especially the good powers--still dominate foreign regulatory regimes, and the regulatory ambitions of states are pushed by way of their household interests.
As Drezner indicates, country dimension nonetheless issues. the good powers--the usa and the ecu Union--remain the foremost avid gamers in writing international rules, and their energy is because of the scale in their inner fiscal markets. in the event that they agree, there'll be potent worldwide governance. in the event that they do not agree, governance could be fragmented or useless. And, ironically, the main strong assets of great-power personal tastes are the least globalized parts in their economies.
Testing this revisionist version of world regulatory governance on an strangely large choice of instances, together with the web, finance, genetically converted organisms, and highbrow estate rights, Drezner indicates why there's such disparity within the power of foreign regulations.
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Extra resources for All Politics Is Global: Explaining International Regulatory Regimes
Martin, “Institutional Effects on State Behavior: Convergence and Divergence,” International Studies Quarterly 45 (March 2001): 1–26;. Todd Sandler, Global Collective Action (New York: Cambridge University Press, 2004). 100 For these theorists, policy coordination can be explained by a combination of American preferences and the extent of the externalities created by an absence of harmonization. 101 While the assumption of American hegemony works well in the security realm,102 it is far from clear whether such an assumption is accurate when thinking about the global political economy.
On other eighteenth- and nineteenth-century fears about globalization, see Samir Amin, “The Challenge of Globalization,” Review of International Political Economy 3 (Fall 1996): 216–59; Emma Rothschild, “Globalization and the Return of History,” Foreign Policy 115 (Summer 1999): 106–16. On concerns about race-to-the-bottom effects beyond political science, see Karl Polanyi, The Great Transformation (Boston: Beacon Press, 1944), 57; Charles Tiebout, “A Pure Theory of Local Expenditures,” Journal of Political Economy 64 (October 1956): 416–24; and William L.
Furthermore, convergence can occur without conscious coordination, if structural factors affect all actors in an identical fashion. Regulatory coordination is also distinct from harmonization, which implies policy convergence to a single regulatory standard. 42 Global governance is a more expansive term than policy coordination. Global governance refers not only to the codiﬁed adjustment of national rules and regulations; it encompasses the collection of authority relationships designated to monitor, enforce, and amend any transnational set of rules and regulations.
All Politics Is Global: Explaining International Regulatory Regimes by Daniel W. Drezner