New Horizons in Law and Economics series
Edited by Alain Marciano and Jean-Michel Josselin
Sylvie Graziani and Michel Rombaldi The development of global economy has encouraged the emergence of new directions for l’école de la régulation’. This has led to changes in the content and nature of public governance. Within this new context, interregional cooperation becomes an essential element of decentralized public governance renewal. This form of cooperation is particularly well suited for the Mediterranean. 9.1 9.1.1 A NEW METHOD OF GOVERNANCE The Consequences of Global Economy Globalization brings with it a breaking down of the national coherence of productive systems. Up until now, the governance carried out by the nations owed its coherence to the existence of frontiers. Today, it can be said that, due to its almost complete disappearance of these frontiers, these have become lost within a transnational governance (Theret, 1992). Soon it will no longer be possible for us to identify national economies (Reich, 1993), which will slowly make way for new entities: the region-states (Ohmae, 1996). Globalization and the emergence of new economic powers encourages this spatial reorganization of the economy. Aglietta (1995) does not believe in a homogeneous tripartite distribution (North America, Asia, Europe), but is fairly convinced that we are heading towards a regulation fragmented into a number of zones that are more or less imbricated. Conversely, others (Gerbier, 1995) feel that different methods of governance can coexist while being based on a global tripartite functioning. This new method of governance would appear to be emerging in areas such as the European Union, the North...
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