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Globalization and the economic role of the state in the new millennium

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  • Joseph Stiglitz

Abstract

This essay concerns the process of globalization, the integration of economies around the world which has put new demands on nation-states at the very same time that, in many ways, it has reduced their capacities to deal with those demands. The nation-state today is squeezed, on the one side, by the forces of global economics and, on the other side, by the political demands for devolution of power. Copyright 2003, Oxford University Press.

Suggested Citation

  • Joseph Stiglitz, 2003. "Globalization and the economic role of the state in the new millennium," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 12(1), pages 3-26, February.
    • Handle: RePEc:oup:indcch:v:12:y:2003:i:1:p:3-26
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    Cited by:

    1. Park, Sangjin & Yang, Jae-Suk, 2021. "Relationships between capital flow and economic growth: A network analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    2. Fatima, Amber & Shahbaz, Muhammad & Islam, Faridul, 2012. "Nexus of Trade, Investment and Poverty: Evidence from Pakistan," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 35(2), pages 87-108, June.
    3. Hossein Mirshojaeian Hosseini & Shinji Kaneko, 2012. "Spatial Spillover of Governance and Institutional Quality: A Spatial Econometric Approach," IDEC DP2 Series 2-3, Hiroshima University, Graduate School for International Development and Cooperation (IDEC).
    4. Tikiri Nimal Herath, 2015. "The Role of the State in Alleviation of Poverty in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(2), pages 257-277, September.
    5. Mikhail V. Ershov & Anna S. Tanasova & Elena Yu. Sokolova, 2020. "Strengthening the role of public governance approaches to ensure sustainable economic growth," Upravlenets, Ural State University of Economics, vol. 11(6), pages 15-27, December.
    6. Thao, Chu Minh, 2018. "The Transformation Of Vietnamese Trade Policy," OSF Preprints 7qdnt, Center for Open Science.
    7. Iizuka, Michiko & Borbon-Galvez, Yari, 2009. "Compliance with the private standards and capacity building of national institutions under globalization: new agendas for developing countries?," MERIT Working Papers 2009-025, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    8. Emilia Balan, 2014. "Privatization of Industry in Central and Eastern European Countries," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 6(2), June.
    9. Kyo-seong Kim & Yongwoo Lee & Yu-jeong Lee, 2010. "A Multilevel Analysis of Factors Related to Poverty in Welfare States," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 99(3), pages 391-404, December.
    10. Cull, Robert & Xu, Lixin Colin & Yang, Xi & Zhou, Li-An & Zhu, Tian, 2017. "Market facilitation by local government and firm efficiency: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 460-480.
    11. Geoffrey R D Underhill & Xiaoke Zhang, 2006. "Norms, Legitimacy, and Global Financial Governance," WEF Working Papers 0013, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    12. Arik Sadeh & Claudia Florina Radu & Cristina Feniser & Andrei Borşa, 2020. "Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries," Sustainability, MDPI, vol. 13(1), pages 1-30, December.
    13. Salem , Ali Asghar & Bayat , Neda, 2018. "Factors Influencing Poverty in Iran Using a Multilevel Approach," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 13(1), pages 81-106, January.

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