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

Joseph Stiglitz

Industrial and Corporate Change, 2003, vol. 12, issue 1, 3-26

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.

Date: 2003
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