Globalization and the economic role of the state in the new millennium
- 1 February 2003
- journal article
- research article
- Published by Oxford University Press (OUP) in Industrial and Corporate Change
- Vol. 12 (1) , 3-26
- https://doi.org/10.1093/icc/12.1.3
Abstract
This essay concerns the process of globalization, the integration of economies around the world which has put new demands on nation‐states at the very same time that, in many ways, it has reduced their capacities to deal with those demands. The nation‐state today is squeezed, on the one side, by the forces of global economics and, on the other side, by the political demands for devolution of power.Keywords
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