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Supranational Political Economy - The Globalisation of the State-Market Relationship (Hardcover)
Loot Price: R4,134
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Supranational Political Economy - The Globalisation of the State-Market Relationship (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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With the ending of the Cold War and the rise of a nationalistic
'America First' strategy, the post-war liberal international order,
based upon the hegemonic power of the USA, is fading away. In its
place, a multipolar world is emerging which, while offering some
the hope of a better future, is also open to disorder and
instability. This book offers an insight into the relationship
between politics and economics in this new era. As an alternative,
this volume argues for a form of global governance that will offer
a better balance between politics and economics, based on a
supranational approach. A supranational approach in which world
powers and UN member states can work in agreement would follow the
principle on which European political and economic integration was
built. The system put forward here is based on a Keynesian world
clearing union and a reform of the World Trade Organization and a
United Nations budget, which would accelerate the convergence of
rich and poor countries in the aim of a more sustainable global
system. This book demonstrates that globalisations and today's
ecological challenges are both a cause of social discontent and an
opportunity. Supranational institutions can greatly increase our
ability to address global risks, and this book shows how a
'supranational' world order could reduce the uncertainty of the
transition from the post-war order to the future multipolar order.
The supranational principle enables us to view globalisation, world
capitalism and the ecological crisis not only as causes of
inequality, poverty and social instability, but also as processes
that can be governed. Wise politicians and political parties cannot
let the future of humanity be decided by the precarious equilibrium
of the Westphalia system. In post-war Europe a group of nation
states, once fierce enemies, embarked on a process of integration
which led to the abolition of inter-European national borders. With
supranational global governance, the same could be achieved in the
global system.
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