KTH 520 Thurs 4:30-5:30
Week 4 readings highlight
Polycentrism has eroded state sovereignty and therefore states don’t matter anymore.
Welfare state has downward pressure so difficult to provide social security due to globalization
Intl finance affected by political world
Stateism has been in decline. EU etc..one govt to make decision..one passport, currency etc..
Greece in trouble in part due to spread of intl market.
Declining role of welfare state retrenchment..cut social spending..ie IMF, WB ..conditioned on
loans..so hard for states to act freely
To remain competitive on global scale, adhere to mnc’s etc.
States can decide which state to join or back up
State power cannot be absolute..always problems within state nation to represent their citizens
Rebuttal...greece needed to be bailed out by other states
States active in ie Iraq
Russia and china investing in Africa
Ind nation state not afraid to make decisions 2
Welfare state not completely retrenched ie scandinavia invests heavily in their social programs
One state is directed by another state if same currency..but has no input on that state
States still matter. Stateism is imp in intl relations. Stateism a bit transforms but polycentrism
overemphasized. Some countries are increasing welfare state and expenditures.
State is influenced by intl finance. Its states choice to be involved in intl affairs.
State intervenes in ntl issues.
Eg us shut down
Nationalism, cultural identity
States are still relevant. Can control trade.
Un cannot enforce
State to state connections...pressure...states can bail out..help out
Invid states have own military
Other grps affect states ie Al Qaeda
Polycentrism is the principle of organization of a region around several political, social or
financial centres. Examples of polycentric citi