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The Return of the State: Recovering State Efficacy for Global Solutions
Ist Teil von
Harvard international review, 2010-01, Vol.31 (4), p.38-43
Ort / Verlag
Cambridge: Harvard International Relations Council, Inc
Erscheinungsjahr
2010
Link zum Volltext
Quelle
PAIS Index
Beschreibungen/Notizen
If there is one important trend that seems likely to shape world order over the coming decades, it is the "return of the state." Globalization is alleged to present new problems and opportunities, in the face of which the interstate system of the mid-century proves outdated. Perhaps the most important activity to re-regulate is global commerce, which is the most conspicuous aspect of contemporary globalization. In the era of post-war Keynesianism, global commerce was subject to international political oversight, managed through the Bretton Woods system of fixed, regulated exchange rates. One of the more pressing consequences of the unmanaged globalization of the last few decades has been the potentially explosive accumulation of US debt by foreign governments, a massive failure of Keynes' ideal of "national self-sufficiency." When people reflect on what the "return of the state" often entails, it is not hard to understand why an ideology of transnational civil society recurs in their thinking about globalization.