Governance in the new global economy

DOI: 10.4324/9781003057611-7

The crossing of national borders is the fundamental character of international economic activities. In consequence, does a closely integrated global economy need global governance, or is it sufficient that nation states regulate their economic relations with the rest of the world based on national reasonings? While there are advocates for the extreme positions, in reality we find a parallel of national, regional, and global governance in the global economy. This does, however, neither mean that the present division of governance is the most appropriate one, nor that one approach is best suited for all cross-border activities. Rather, some areas, like climate change or a ...

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