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Globalization and Self-Determination - Is the Nation-State Under Siege? (Hardcover)
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Globalization and Self-Determination - Is the Nation-State Under Siege? (Hardcover)
Series: Routledge Studies in the Modern World Economy
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Is the nation state under siege? A common answer is that
globalization poses two fundamental threats to state sovereignty.
The first threat concerns the unleashing of centrifugal and
centripetal forces such as increasing market integration and the
activities of institutions like the IMF, World Bank, and WTO- that
imperil state sovereignty from "outside" the nation state. The
second threat emanates from self-determination movements that
jeopardize state sovereignty from "inside" the nation state.
This book rigorously analyzes popular hypotheses regarding
globalization's effect on state sovereignty from a broad social
sciences perspective. Using empirical evidence the authors suggest
that globalization's multilevel threats to state sovereignty have
been overestimated. In most instances globalization is likely to
generate pressure for increased government spending while only one
form of market integration - foreign direct investment by
multinational enterprises - appears to increase any feeling of
economic insecurity.
Also contrary to popular perception, the net effect of IMF
conditionality may be positive, limits on state sovereignty by
multilateral development banks are not inevitable, and the WTO is
not necessarily a threat to state sovereignty. Furthermore,
globalization is likely to increase the risk of secessionism only
in very specific conditions and while some self-determination
movements may find globalization useful, on the whole countries
with more open economies appear less likely to house self
determination movements and are more likely to implement policies
of fiscal centralization.
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