Responding to Globalization

Responding to Globalization

Responding to Globalization

Responding to Globalization

Synopsis

This rigorous survey and companion volume to Coping with Globalization , focuses on the political, ideological and economic factors lying behind responses to globalization. A panel of international experts examine subjects which include; * The international monetary system after the Euro * The response of the Japanese software industry to globalization * The dynamics of globalization strategy in South Korea * Australian integration into the global economy * The impact on China and Russia in their moves toward a market economy

Excerpt

Economic globalization—the processes leading to the integration of final products, intermediate goods and factor markets across countries, coupled with the increased salience of cross-border value-chains in international economic flows—has generated much debate about its causes, extent and impact on business and public policy. This volume is the third in a series of three that examines its implications for governance structures across countries and issues areas.

We have been interested in understanding the changing nature of international political economy of which economic globalization is both a cause and a consequence. We began preliminary discussions on this subject in the Spring of 1995 focusing on four key questions: is economic globalization a fad, how best to conceptualize it, how did it originate, and what may be its implications? Subsequently, we added a fifth question: how to cope with globalization? To systematically examine these questions, we organized two joint panels, “Governance Structures for the Twenty-First Century,” at the San Diego convention of the International Studies Association, April 16-20, 1996, a workshop at Indianapolis, Indiana October 12-13, 1996, and another workshop in Alexandria, Virginia July 31-August 1, 1998. Three edited volumes have emerged from these deliberations: the first volume, Globalization and Governance, from the San Diego conference and the Indianapolis workshop; the second and the third volumes, Coping with Globalization and Responding to Globalization, from the Alexandria workshop. These volume are multi-disciplinary, with the authors representing the disciplines of political science, economics, law, international business, and business strategy.

Globalization and Governance focuses on how economic globalization impacts the extant governance institutions at multiple levels of aggregation. Coping with Globalization seeks to understand how governments and firms can cope with globalization across issue areas. Responding to Globalization examines how different countries have responded to the challenges of increasing levels of global economic integration.

Unlike many other works examining responses to globalization, Responding to Globalization advocates neither resisting it nor embracing it. At least in the short-run, globalization is not pareto superior: there are “winners” and “losers.” A focus on the strategies adopted by actors to influence the distribution of costs and benefits is crucial to understand the

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