GLBL ST 1 Lecture Notes - Lecture 6: Ha-Joon Chang, Thomas Friedman, Global Governance
Document Summary
For shrinking government (getting rid of gov regulations, privatizing state owned companies) Tends to assume proliferation of global trade is sign that national borders are less important and global markets are breaking loose of national restraints. Thomas friedman: emphasizes agency of companies and individuals rather than government. Role of nation state since ww2 in promoting globalization. Globalization in practice has always required governments and governance. Post wwii proliferation of rules and institutions. Laws of us, england, etc govern most private commercial contracts in world today. Allowed brazil, india, china to have more power since early 2000s. Have lot of say over national economies are run. Thinking about relationship between economic governance and nation states. Nation states are still important in shaping kinds of cross border economic flows. Legal pluralism : many processes today are governed by a mix of different rules and institutions depending on particular situation. Combination of hard and soft rules:
