Table of Contents

The Handbook of Globalisation, Second Edition

The Handbook of Globalisation, Second Edition

Elgar original reference

Edited by Jonathan Michie

With contributions from the leading commentators in the field and an over-arching introduction from the editor, the concerns of this updated and revised Handbook are two-fold. Firstly, to redefine the concept of globalisation and dispel the haze that surrounds it through a systematic and thorough examination of the debate. Secondly, to advance the frontiers of current critical thinking on the role and impact of globalisation, on the winners and losers in the process, and on the implications for society, the economy and governance.

Chapter 18: Governance in a Globalised World

Richard Woodward

Subjects: business and management, international business, economics and finance, international business, international economics, politics and public policy, international politics


Richard Woodward Throughout the twentieth century, mainstream social sciences proceeded from the premise that human activities corresponded with the territorial boundaries of sovereign states. The privileging of sovereign territoriality by sociologists, economists and political scientists did not reflect a poverty of scholarly thinking but was a by-product of the social world they inhabited (Taylor, 1996). From the seventeenth century onwards the state’s role steadily outgrew the domain of security to encompass commercial, cultural and social responsibilities. By the middle of the twentieth century, in advanced industrialised countries at least, state power had infiltrated the everyday lives of citizens to an unprecedented degree. Meanwhile, at the international level, the Cold War backcloth of two nuclear-armed superpowers poised on the brink of mutual annihilation underscored the view that states constituted the most powerful actors on the world stage. Paradoxically it was the development of nuclear weapons, perhaps the most potent symbol of the state’s power, that instigated a debate about its possible obsolescence. Intercontinental ballistic missile technology enabled states to obliterate each other from a distance. The absence of effective devices to intercept them meant states could not fulfil their elementary mission of guaranteeing the security of their citizens through maintaining their territorial integrity (Herz, 1957). In the following decade, Charles Kindleberger’s (1969, p. 207) remark that ‘the state is just about over as an economic unit’ was another foretaste of transformations afoot in the social world. The amplified intensity, extensity and velocity of cross-border movements of trade, capital, production, people, pollution,...

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