Globalization at Risk: The Changing Preferences of States and Societies

Abstract

After long, wide trends toward freer and more integratedmarkets, peoples and ideas, reluctance to subordinate the ideals of globalization to state interests shows signs of serious erosion. Recent examples include the breakdown of international institutions, the rise in state control over energy resources and their use as diplomatic leverage, and US abandonment of the principles of globalization. The sources of these changing preferences are both ideological and utilitarian. The result is that key elements of globalization are at risk, but with unpredictable consequences.political economy, globalization, international institutions, economic nationalism, resource nationalism, financial crisis