1. The Role of the State in Globalization
... 'catalysts' rather than victims of globalization. On this view, the state promotes the liberalization of trade, establishes the international economic organization, and encourages the expansion of the transnational cooperation. As Epstein argues that, historically, the deepening integration of financial globalization depends on the encouragement of the state since the 1960s (Epstein, 1996: 211-224) For example, the changing institutional arrangement such as GATT and WTO is created by the state, and it is the state that transfers power upwards ... their returns. (Evans, 1997: 78). T...
- Word Count: 1836
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate