THE STATE AND ECONOMIC GLOBALISATION - DO STATES FAIL?
THE STATE AND ECONOMIC GLOBALISATION - DO STATES FAIL?

Summary/Abstract: The defining aspects of economic globalisation cause profound mutations as far as national economies are concerned. Traditional practices and policies are not appropriate anymore in the context of the growing complexity of the government systems and of the new conditions imposed by the political and economic transformations. The discussion about the capacity of national systems to govern economy is related, as the author highlights, to the fact that the state authority, legitimacy and capacity to draw up and implement policies efficiently are eroded and undermined both internally and externally. As the state, political authorities and economic policies play a very important part in the gradual transformation of the national systems of economic governance, the author emphasises the importance of studying the implications of economic globalisation for the effectiveness of the states collective action, the models of economic management and the governmental policies.

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