Evolving Governance Across a Stressed Planet
Chapter 10: Globalisation of Insecurity in the Era of Hegemonic Decline
10. Globalisation of insecurity in the era of hegemonic decline In previous chapters we have argued that the dominant institutional arrangements which underpinned economic, atmospheric, information and pathogenic flows during the Modern epoch came under increasing pressure. To restate the argument briefly: the twentieth century witnessed the diminishing capacity of the state to manage the shift from an interstate to a world system. This erosion of institutional efficacy was in large measure the expression of the globalisation of the market which had swept all in its path. Over time, the state itself was subjected to the colonising pressures of the market. It is against this backdrop that states generally and the hegemon in particular turned to the creation of international institutions which did not, however, replace either the hegemon or the system of states. In other words, multilateralism had to coexist with residual hegemony on the one hand and competitive interdependence on the other. Both states (including the hegemon) and multilateral organisations had to contend with the powerful pressures exerted by the market, and increasingly by civil society. Not surprisingly, public policy, not just in the economic domain, was buffeted by the ebb and flow of the ‘double movement’, namely the oscillation between regulation and deregulation as well as the intensifying contestation between different modes of regulation. Something of the same evolutionary dynamic was evident in the field of security, though with important differences attributable to the peculiarities of the security dilemma. Physical security is a key physiological need critical...
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