Global Liberalism and Political Order : Toward a New Grand Compromise?

by Bernstein, Steven F.; Pauly, Louis W.

• ISBN13: 9780791470459
• ISBN10: 0791470458
• Format: Hardcover
• Copyright: 2007-03-08
• Publisher: State Univ of New York Pr

Summary

Many years ago, John Gerard Ruggie coined the phrase "embedded liberalism" to describe the grand post-1945 political compromise between free-market liberalism and domestic political interventionism that stabilized the multilateral economic order. In Global Liberalism and Political Order, leading scholars of political economy and international relations assess the challenges facing today's increasingly interdependent world as globalization redefines the old political order. They address the unraveling and/or reinvention of a grand compromise in global governance from a variety of theoretical perspectives and issue areas, including trade, finance, networked governance, North-South relations, and the environment. Focusing on the foundations of political authority at the global level, the contributors imagine the implications of success or failure for international economic order and political stability. Ruggie, whose work inspired many of this book's scholars, contributes a chapter on the prospects for a new global-as opposed to international-grand bargain. Book jacket.

Table of Contents

Preface	p. vii
Acknowledgments	p. ix
The Challenge of Crafting a New Grand Compromise
Introduction: Power, Social Purposes, and Legitimacy in Global Governance	p. 3
Global Markets and Global Governance: The Prospects for Convergence	p. 23
Power and Authority in Global Governance
Would Citizens Support a New Grand Compromise?Robert Wolfe	p. 51
The Politics of International Development: Approaching a New Grand Compromise?	p. 71
The United Nations in a Changing Global Economy	p. 91
Compromises of Embedded Knowledge: Standards, Codes, and Technical Authority in Global Governance	p. 109
Integration and Fragmentation in Global Governance
Big Judgments, Elusive Phenomena, and Nuanced Analysis: Assessing Where the World Is Headed	p. 135
Currency Blocs and the Future of Embedded Liberalism	p. 143
Institutional Fragmentation and Normative Compromise in Global Environmental Governance: What Prospects for Re-Embedding?	p. 161
Works Cited	p. 187
Contributors	p. 213
Index	p. 215
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