Book contents
- Frontmatter
- Dedication
- Contents
- Preface and Acknowledgments
- List of Tables, Figures and Boxes
- Chapter 1 Introducing the Clash of Globalizations
- Chapter 2 Losing Control: Policy Space to Regulate Cross-Border Financial Flows
- Chapter 3 The New Vulture Culture: Sovereign Debt Restructuring and International Investment Rules
- Chapter 4 Whither the Developmental State? Industrial Policy and Development Sovereignty
- Chapter 5 Understanding Developing Country Resistance to the Doha Round
- Chapter 6 Trading Away the Ladder? Trade Politics and Economic Development in the Americas
- Chapter 7 Putting Development First: Trade Policy for the Twenty-first Century
- References
- Index
Chapter 1 - Introducing the Clash of Globalizations
Published online by Cambridge University Press: 05 September 2013
- Frontmatter
- Dedication
- Contents
- Preface and Acknowledgments
- List of Tables, Figures and Boxes
- Chapter 1 Introducing the Clash of Globalizations
- Chapter 2 Losing Control: Policy Space to Regulate Cross-Border Financial Flows
- Chapter 3 The New Vulture Culture: Sovereign Debt Restructuring and International Investment Rules
- Chapter 4 Whither the Developmental State? Industrial Policy and Development Sovereignty
- Chapter 5 Understanding Developing Country Resistance to the Doha Round
- Chapter 6 Trading Away the Ladder? Trade Politics and Economic Development in the Americas
- Chapter 7 Putting Development First: Trade Policy for the Twenty-first Century
- References
- Index
Summary
By the turn of the century global trade talks seemed destined to raise the roof of low politics, where international political economy has long been relegated. Large street protests accompanied negotiations, heads of state and hopefuls discussed trade in public and on campaign trails at least as much as security, and the media followed it all in paparazzi-like fashion.
What a difference a decade makes. By 2013 global trade talks at the World Trade Organization (WTO) had come to a complete standstill. None of the major players – the United States, Europe, emerging markets or global justice protestors – had been willing to significantly engage since at best 2008.
For the first time in the history of global trade negotiations, rather than a clash among Western interests, deadlock among negotiators has been a function of a clash between industrialized countries and developing countries with newfound economic power. The seeds of this clash can be found in the Uruguay Round (1986 to 1994), where a deal was struck whereby the industrialized nations traded market access to their large and growing economies for domestic regulatory changes in the developing world in the areas of investment law, intellectual property, services and beyond (Narlikar 2003).
This book collects a number of essays that ask the following questions: To what extent is the global trading regime reducing the ability of nation-states to pursue policies for financial stability and economic growth, and what political factors explain such changes in policy space over time, across different types of trade treaties and across nations?
- Type
- Chapter
- Information
- The Clash of GlobalizationsEssays on the Political Economy of Trade and Development Policy, pp. 1 - 12Publisher: Anthem PressPrint publication year: 2013