Global Liberalism and Political Order

Description

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.

Preface
Acknowledgments

PART I The Challenge of Crafting a New Grand Compromise

1. Introduction: Power, Social Purposes, and Legitimacy in Global Governance
Steven Bernstein

2. Global Markets and Global Governance: The Prospects for Convergence
John Gerard Ruggie

PART II Power and Authority in Global Governance

3. Would Citizens Support a New Grand Compromise?
Robert Wolfe and Matthew Mendelsohn

4. The Politics of International Development: Approaching a New Grand Compromise?
Jean-Philippe Thérien

5. The United Nations in a Changing Global Economy
Louis W. Pauly

6. Compromises of Embedded Knowledge: Standards, Codes, and Technical Authority in Global Governance
Tony Porter

PART III Integration and Fragmentation in Global Governance

7. Big Judgments, Elusive Phenomena, and Nuanced Analysis: Assessing Where the World Is Headed
James N. Rosenau

8. Currency Blocs and the Future of Embedded Liberalism
Eric Helleiner

9. Institutional Fragmentation and Normative Compromise in Global Environmental Governance: What Prospects for Re-Embedding?
Steven Bernstein and Maria Ivanova

Works Cited
Contributors
Index

Sujets

• International relations
• Political economy
• Central
• National

Informations

• Publié par: State University of New York Press
• Date de parution: 01 février 2012
• Nombre de lectures: 0
• EAN13: 9780791480281
• Langue: English
• Poids de l'ouvrage: 5 Mo

Extrait

Global Liberalism and Political Order

SUNY series in Global Politics

James N. Rosenau, editor

G L O B A L L I B E R A L I S M

A N D P O L I T I C A L

O R D E R

Toward a New Grand Compromise?

Edited by S T E V E N B E R N S T E I N L O U I S W. PAU LY

S T AT E U N I V E R S I T Y O F N E W Y O R K P R E S S

Published by State University of New York Press Albany

© 2007 State University of New York

All rights reserved

Printed in the United States of America

No part of this book may be used or reproduced in any manner whatsoever without written permission. No part of this book may be stored in a retrieval system or transmitted in any form or by any means including electronic, electrostatic, magnetic tape, mechanical, photocopying, recording, or otherwise without the prior permission in writing of the publisher.

For information, address State University of New York Press 194 Washington Avenue, Suite 305, Albany, NY 12210-2384

Production, Laurie Searl Marketing, Michael Campochiaro

Library of Congress Cataloging-in-Publication Data

Global liberalism and political order : toward a new grand compromise? / edited by Steven Bernstein, Louis W. Pauly. p. cm. — (SUNY series in global politics) Includes bibliographical references. ISBN-13: 978-0-7914-7045-9 (hardcover : alk. paper) ISBN-13: 978-0-7914-7046-6 (pbk. : alk. paper) 1. International relations. 2. Legitimacy of governments. 3. Globalization—Economic aspects. I. Bernstein, Steven F. II. Pauly, Louis W. III. Series. JZ1308.G58 2007 327.1—dc22 2006017858

10 9 8 7 6 5 4 3 2 1

P REFACE

A CKNOWLEDGMENTS

O NE

T WO

T HREE

F OUR

Contents

PART I The Challenge of Crafting a New Grand Compromise

Introduction: Power, Social Purposes, and Legitimacy in Global Governance Steven Bernstein

Global Markets and Global Governance: The Prospects for Convergence John Gerard Ruggie

PART II Power and Authority in Global Governance

Would Citizens Support a New Grand Compromise? Robert Wolfe and Matthew Mendelsohn

The Politics of International Development: Approaching a New Grand Compromise? Jean-Philippe Thérien

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3

23

51

71

143

213

W ORKS C ITED

I NDEX

S EVEN

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187

F IVE

S IX

E IGHT

109

Big Judgments, Elusive Phenomena, and Nuanced Analysis: Assessing Where the World Is Headed James N. Rosenau

161

135

Currency Blocs and the Future of Embedded Liberalism Eric Helleiner

C ONTRIBUTORS

PART III Integration and Fragmentation in Global Governance

CONTENTS

Institutional Fragmentation and Normative Compromise in Global Environmental Governance: What Prospects for Re-Embedding? Steven Bernstein and Maria Ivanova

Compromises of Embedded Knowledge: Standards, Codes, and Technical Authority in Global Governance Tony Porter

N INE

The United Nations in a Changing Global Economy Louis W. Pauly

Preface

Some twenty-five years ago, John Ruggie coined the phrase “embedded liber- alism” to describe the grand post-1945 political compromise between free- market liberalism and domestic political interventionism that legitimated and stabilized the multilateral economic order. After the traumatic three decades that began in 1914, it certainly seemed plausible that such a com- promise in leading states, combined with US-led military alliances, provided the foundation for a remarkable period of systemic peace and widening pros- perity. After the cold war ended, and in the face of widespread perceptions that social safety nets were fraying at the local level and that governing insti- tutions were overwhelmed at the international level, the nature and persis- tence of that compromise became matters of serious debate among citizens, policy makers, and scholars. Ruggie himself had pointed to the risk that a resurgent ethos of global liberalism could destabilize a political order that necessarily remained only as strong as the political ties that bound together still-independent states. The rising influence of corporations and other non- state actors in our own day only complicates matters. So too does the rising challenge posed by deterioration of the natural environment. This volume engages that debate. At its core is a fresh look at the idea of embedded liberalism and our current situation by Ruggie himself. A group of distinguished collaborators then explore various aspects of that situation in a series of original essays. Following several rounds of revisions, the volume focuses tightly on the contemporary foundations of political authority at the global level and on the prospects for adapting or renegotiating the grand compromise crafted so many years ago.

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Acknowledgments

As with most collaborative projects, this one grew out of the work and intellectual input of a great many people. It originated as a workshop at the 2002 Canadian Political Science Association (CPSA) annual meeting in Toronto, co-organized by Steven Bernstein and Ron Deibert. The idea for the workshop was generated at a brainstorming session that included the editors, Ron Deibert, Janice Stein, and Ron Pruessen. CPSA, the Munk Center, the Center for International Studies, and the Departments of Political Science and History of University of Toronto provided finan- cial support for the workshop. Generous assistance from the Social Sci- ences and Humanities Research Council of Canada allowed Steven Bern- stein the time to write the introduction and oversee the initial round of editing for the volume. Much of that work occurred in 2004 while he was a Visiting Scholar at the Mortara Center in the School of Foreign Service at Georgetown University in Washington. After he returned from George- town, Bernstein continued to drive the project forward. In truth, the resulting book would never have emerged without his energy, dedication, and persistence. We all owe a particular debt to Jim Rosenau, editor of the series in which this volume appears, who assisted Bernstein in many ways during his stay in Washington and who enthusiastically encouraged the collabo- ration to proceed. His long and continuing scholarly career remains an inspiration. We benefited enormously from the constructive commentary of two anonymous referees. Erin Hannah provided invaluable assistance in putting the draft manuscript together and assisted in the final editing. Sarah Kim and Tina Lagopoulos helped us at the production stage. Michael Rinella of SUNY Press has been a patient and constant supporter from the earliest days of the project. We are also grateful for the hard work of Laurie Searl and the pro- duction team at SUNY Press.

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