The European Single Market, NAFTA and Mercosur powerfully shape
international relations and economic development; they also
symbolize a shift in economic policy towards a world
market-oriented and liberalizing strategy. Schirm argues that this
new regionalism is essentially aresult of the impact of
globalization on domestic politics. The increasing transnational
mobility of private economic actors alters the costs and benefits
of economic policy options for governments as well as the interests
of domestic groups. Globalization stimulates economic reforms whose
economic efficiency and political acceptability are increased
through regional cooperation.
"
Globalization and the New Regionalism" is innovative in three
aspects: it offers a new theoretical approach to integration
theory; it develops a distinct interpretative model for the impact
of globalization on states; and it compares systematically the
influence of globalization and the preferences for cooperation
cross-regionally in Europe and the Americas. Case studies include
the industrialized countries France, Germany, Great Britain and the
United States, as well as the newly industrializing countries
Argentina, Brazil and Mexico.
This book is a timely contribution to the debate on the
consequences of globalization and the foundations of regionalism,
and has far-reaching implications for theories of international
relations and political economy.
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