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Globalization and Local Political Economy: The Multi-scalar Approach


  • Bae-Gyoon Park


Based on a multi-scalar view on globalization, this paper suggests that the nation-state's policy liberalization is not simply imposed from above by global forces, but constituted from below by national and sub-national forces. In particular, this paper explores how inter-scalar interactions between national and local forces can give impacts on the ways in which the nation state liberalizes its regulations on the transnational flows of capital and investment. With case studies of “big deal” and the Jeju international free city project in Korea, it elaborates on how the state's liberalization and globalization projects can be spatially and politically constructed under the influences of: (1) inter-scalar tensions between the national and the local, and (2) politics of “jumping-scale”, which either local or national actors organize in order to mobilize the sources of power at different geographical scales.

Suggested Citation

  • Bae-Gyoon Park, 2005. "Globalization and Local Political Economy: The Multi-scalar Approach," Global Economic Review, Taylor & Francis Journals, vol. 34(4), pages 397-414.
  • Handle: RePEc:taf:glecrv:v:34:y:2005:i:4:p:397-414 DOI: 10.1080/12265080500441453

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    References listed on IDEAS

    1. Andrew Worthington & Abbas Valadkhani, 2004. "Measuring the impact of natural disasters on capital markets: an empirical application using intervention analysis," Applied Economics, Taylor & Francis Journals, vol. 36(19), pages 2177-2186.
    2. St Pierre, Eileen F, 1998. "The Impact of Option Introduction on the Conditional Return Distribution of Underlying Securities," The Financial Review, Eastern Finance Association, vol. 33(1), pages 105-118, February.
    3. Ada Ho & Alan Wan, 2002. "Testing for covariance stationarity of stock returns in the presence of structural breaks: an intervention analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 9(7), pages 441-447.
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