The world turned upside down ? Globalization

Thiis book interrogates the widespread claim that contemporary globalization has ended the centrality of the state in world affairs and is effectively irreversible. It offers discriminating definitions of globalization, internationalization and international interdependence and demonstrates the analytical and empirical difficulties generated by these concepts.

R. J. Barry Jones is Professor of International Relations at the University of Reading.

List of tables

ix

List of figures

xi

I Globalization -- concepts, precedents, origins and implications

Introduction: the problem of globalization

3

(22)

The modern state: rhetorics and realities

4

(5)

Globalization: fact or fiction

9

(9)

The state of globalization: contrasting evidence and contending arguments

18

(3)

Globalization and the state

21

(4)

Then and now -- continuity and discontinuity in the international political economy

25

(30)

Transformational technologies

26

(3)

The innovation and diffusion of production

29

(1)

Rapid economic growth and the development of the international economy

30

(4)

Population growth and the rise of mass migration

34

(2)

Financial integration in a world economy

36

(6)

Divergence and instability in the `global economy'

42

(6)

Sentiments at centuries' end: optimism and pessimism in times of rapid change

48

(2)

Overview

50

(5)

The roots of globalization

55

(26)

States and the construction of the post-war international political economy

55

(2)

The state and contemporary internationalization and globalization

57

(7)

The technological roots of contemporary internationalization and globalization

64

(3)

Economic processes and the advance of internationalization and globalization

67

(2)

Transnational corporations and internationalization and/or globalization

69

(2)

Transnational financial actors and the integration of the global financial system

71

(1)

Social and cultural sources of internationalization and globalization

72

(5)

Conclusions

77

(4)

The ambiguous impact of globalization

81

(42)

A new international division of labour?

81

(3)

Internationalization and/or globalization: world-wide prosperity or intensified exploitation and inequality?

84

(6)

Globalization and social, economic and political destabilization

90

(2)

Internationalization and/or globalization: the new constraints upon states and societies

92

(7)

Internationalization, globalization and the opportunities for states

99

(7)

A new global society

106

(2)

A globalized world versus a regionalized world

108

(3)

Relocalization and the political economy of global fragmentation

111

(1)

Globalization and the supply of and demand for effective governance

112

(3)

Conclusions

115

(8)

II State action in question

The traditional purposes of state action

123

(20)

`National' strength and well-being

123

(3)

States and social cohesion

126

(2)

States and the economy: the pursuit of strength, stability and progress

128

(7)

States and special interests

135

(4)

Conclusions

139

(4)

Traditional formsof state action

143

(32)

Assertive states in the international economy

143

(4)

Interventionist states in a competitive and unstable world economy

147

(15)

Developmental, distributive states and laissez-faire states

162

(3)

Dualistic economies

165

(1)

Conclusions

165

(10)

III The future of state action

Governance and the future of state action: needs

175

(25)

The meaning of governance

176

(1)

Forms of governance

176

(1)

The functions of governance

177

(3)

The contested functions of public governance

180

(5)

The continuing agenda for public governance

185

(6)

International and global stability and well-being

191

(5)

Conclusion

196

(4)

Modes of governance in a globalizing world

200

(21)

Regionalism and public governance

200

(5)

The state and public governance

205

(1)

Intergovernmental modes of global public governance

206

(3)

Non-governmental actors and global governance

209

(5)

Mixed modes of governance

214

(1)

Multi-level governance

215

(1)

Hegemony

215

(6)

`State action' in an unmanageable world

221

(12)

Disintegration and the global system

222

(1)

World cities and the new global order/disorder

223

(1)

The new medievalism

224

(3)

Responses to disintegration

227

(2)

Fragmentation and paradox in a globalizing world

229

(1)

Conclusions

230

(3)

Order, disorder and globalization: the East and South-East Asian crisis of 1997--98

233

(33)

The background to the crisis of the late 1990s

233

(3)

The unfolding crisis

236

(2)

The crisis

238

(14)

Conclusions: states, globalization and the East and South-East Asian economic and financial crisis

252

(14)

Conclusions

266

(6)

The nature of globalization

267

(1)

Globalization and the future of the state

268

(4)

Select bibliography

272

(12)

Index

284

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The world turned upside down ? Globalization and the Future of the State

Summary

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The world turned upside down ? Globalization and the Future of the State

Summary

Author Biography

Table of Contents

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