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Policy and Institutional Frameworks

Regulating Globalization

Globalization is often presented as a process through which global deregulation occurs but contrary to this widely held thesis; this project will argue that globalization implies regulation.

The project without overlooking the benefits of globalization, will analyze the socio-cultural, economic, and political negative consequences of globalization as it is currently unfolding and forcefully argue that presenting globalization as it currently occurs as a deregulation process is an ideological position that serves a number of economic interests. It will further argue that globalization as it unfolds now coincides with the establishment and development of mechanisms which primarily serve the ends of the market and its main beneficiaries in the most developed countries.

The project aims to design the conditions of an authentic international public space that rather than being confined at the periphery and the margins of the process of globalization, as is more and more the case today, would be at its center, playing as such a role of regulation and policy-making geared towards the production of a sense of international public good. As such, it will aim to refocus the thinking of globalization on imperatives of economic and social justice, at the core of the United Nations ideals and principles.

The resulting publication offers a critical historical and forward-looking analysis on current global governance and formulates proposals towards achieving a more accountable, transparent, participatory global governance system, together with an institutional architecture for regulating globalization that combines economic efficiency and social equity.

Emphasis is put on multi-level governance, underlining the relevance of regional governance as a link between local and global levels. A central argument is that the legitimacy of global governance is weak, and the way to make it more legitimate is to enhance the participation of State and non–State agents, give a strong role to statehood and democratic politics, and priority to public interest over private/corporate interests in global governance.

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Page last modified 2011.06.07.




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