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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 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'. Rigorously analyzing popular
hypotheses on globalization's effect on state sovereignty from a
broad social sciences perspective, the authors use empirical
evidence to 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. This volume will be
invaluable to course instructors at both graduate and undergraduate
levels, policy makers and members of the general public who are
concerned about the effects of globalization on the nation-state.
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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