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Chapter 5

PSCI 2602 Chapter Notes - Chapter 5: Economic Globalization, Global Governance, Macroeconomics

Political Science
Course Code
PSCI 2602
Supanai Sookmark

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Chapter 11 Gloalizatios ipat o states
The Globalization of politics and the politics of globalization
Globalization is not a tendency that is furthered or, indeed, countered in the absence of
political actors. (289)
It has a politics that must be a central ingredient of any adequate account of its
development. (289)
The globalization of politics, I refer to the displacement of political capacities and
responsibilities from the national and/or regional levels to the genuinely global level,
through the development of institutions of global governance. (289)
The politics of globalization, I refer to the politics of the process of globalization itself,
to the political drivers of globalization and to the consequences of such a process for
political conflict, practice, and the distribution of political responsibility. (289)
Focus on three analytically separable, but interconnected dimensions of the politics of
o The Implications and consequences of globalization (whether economic, political,
or cultural) for the capacity and autonomy of the nation state. (289)
o The interpretation of the opportunities and constraints associated with
globalization and the consequent appeal made, in political contexts to the
language of globalization (often, as we shall see, to justify social and economic
reforms). (289)
o The role of politial ators, partiularl state ators, i the politial authorig of
globalization and the processes which either sustain or impede its development.
The structural dimension
o Relating to the constraints and opportunities of the external environment for
domestic political actors. (289)
The ideational dimension
o Relating to the way In which political actors understand the constraints and
opportunities that the external environment presents to them. (289)
The intentional, strategic or agential dimension
o Relate to the role of political actors in the creation and recreation of the very
external environment in which they find themselves. (289)
Globalization and the crisis of the nation state
Causal empiricism
o The anecdotal appeal to, and extrapolation from, single pieces of evidence that
appear to confirm the general tenor of the argument being advanced. (290)
Economic Globalization that is the principle factor limiting the capacity and autonomy of
the state in the contemporary context. (291)
o Economic globalization gives mobile international investors the upper hand over
domestic political authorities. (291)
It is useful to examine further such open economic macroeconomics models. (291)
o Establish the assumptions on which such models are predicted. (291)
o Assess the plausibility of such assumptions (291)
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