All Politics Is Global
Explaining International Regulatory Regimes
Publication Year: 2008
Has globalization diluted the power of national governments to regulate their own economies? Are international governmental and nongovernmental organizations weakening the hold of nation-states on global regulatory agendas? Many observers think so. But in All Politics Is Global, Daniel Drezner argues that this view is wrong. Despite globalization, states--especially the great powers--still dominate international regulatory regimes, and the regulatory goals of states are driven by their domestic interests.
As Drezner shows, state size still matters. The great powers--the United States and the European Union--remain the key players in writing global regulations, and their power is due to the size of their internal economic markets. If they agree, there will be effective global governance. If they don't agree, governance will be fragmented or ineffective. And, paradoxically, the most powerful sources of great-power preferences are the least globalized elements of their economies.
Testing this revisionist model of global regulatory governance on an unusually wide variety of cases, including the Internet, finance, genetically modified organisms, and intellectual property rights, Drezner shows why there is such disparity in the strength of international regulations.
Published by: Princeton University Press
Title Page, Copyright, Dedication
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List of Tables
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At the start of this project, I participated in two events that offered contrasting narratives about the regulation of the global economy. This book has been, in part, an attempt to reconcile these opposing parables. ...
Glossary of Acronyms
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Part I: Theory
Chapter One: Bringing the Great Powers Back In
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The poor state of theorizing is not because economic globalization is irrelevant. The reduction of traditional barriers to exchange, such as tariffs and capital controls, has introduced a bevy of new conflicts over the residual impediments to global economic integration—the differences among domestic rules and regulatory standards. ...
Chapter Two: A Theory of Regulatory Outcomes
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This chapter lays out the initial assumptions and game-theoretic logic behind the revisionist model of policy coordination. To understand international regulatory regimes, one must understand the preferences and capabilities of great power governments. ...
Chapter Three: A Typology of Governance Processes
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Models simplify the world in order to better understand it. The previous chapter used a very simple two-actor model to derive hypotheses about how adjustment costs and market power affect regulatory coordination. However, that model encompassed only governments, and to a lesser extent, domestic and multinational corporations. ...
Part II: Practice
Chapter Four: The Global Governance of the Internet
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The scholarly research on the Internet encapsulates all of the theoretical problems with the literature on globalization and global governance, only in a more concentrated form. For many international relations theorists, the defining feature of the Internet is that it “overcomes all barriers of territorial distance and borders.”1 ...
Chapter Five: Club Standards and International Finance
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Globalization dramatically increased the size and depth of international capital markets. From 1994 to 2002, the valuation of all international debt securities almost quadrupled, from $2.3 trillion to $8.3 trillion. Over the past twenty years, the size of all banks’ cross-border positions increased from $1.4 trillion to $12.7 trillion.1 ...
Chapter Six: Rival Standards and Genetically Modified Organisms
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The previous two chapters demonstrated that even in issue areas where the structural forces of globalization have been thought to be at their strongest—global finance and the Internet—the great powers still dictate when and how global regulatory governance will be effective. ...
Chapter Seven: The “Semi-Deviant” Case: TRIPS and Public Health
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When the 1994 Agreement on Trade-Related Intellectual Property Rights (TRIPS) came into force, NGOs, public health advocates, and transnational activists asserted that the agreement imposed excessive restrictions on access to life-saving drugs in the developing world. ...
Chapter Eight: Conclusions and Speculations
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If there is a recurring theme that runs through the literature on globalization and global governance, it is that economic globalization attenuates state power. The globalization of production has allegedly splintered the ability of governments to regulate their own economies. ...
Afterword to the Paperback Edition
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In the year since All Politics Is Global was published in hardcover, the salience of regulatory issues in world politics has not abated. Within the academy, there has been a new recognition that regulatory issues have penetrated the traditional negotiating arenas of the global political economy. ...
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Page Count: 264
Publication Year: 2008
Edition: Course Book