The Double Movement: global market versus regionalism

  • Björn Hettne
Part of the International Political Economy Series book series (IPES)

Abstract

An economic system presupposes some kind of social order. A social order is a coherent system of rules which is accepted by the actors constituting the system. The concept can contain both coercive and consensual dimensions. The market system of exchange is not in itself an order, but is confined by a particular order that expresses its underlying value system, or normative content. Therefore, market systems differ to the extent that their underlying social orders differ. If, as in the case of the post-communist world, there is a transition between different orders, the market can only reflect the confusion and turbulence of this transition, but it will not by itself create order.

Keywords

Europe Coherence Turkey Posit Triad 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 1.
    K. Polanyi-Levitt, The Life and Work of Karl Polanyi ( Montreal: Black Rose Books, 1990 );Google Scholar
  2. M. Mendell and D. Salée (eds), The Legacy of Karl Polanyi. Market, State and Society at the End of the Twentieth Century ( London: Macmillan, 1991 ).Google Scholar
  3. 2.
    Björn Hettne, ‘The concept of mercantilism’, in L. Magnusson (ed.), Mercantilist Economies ( Boston: Kluwar, 1993 );Google Scholar
  4. 3.
    E.H. Carr, The Twenty Years’ Crisis, 1919–1939 ( London: Macmillan, 1946 ).Google Scholar
  5. 5.
    S. Krasner, Structural Conflict: The Third World Against Global Liberalism ( Berkeley: University of California Press, 1985 ).Google Scholar
  6. 7.
    D. Seers, The Political Economy of Nationalism ( Oxford: Oxford University Press, 1983 ).Google Scholar
  7. 9.
    B. Buzan, People, States and Fear: An Agenda for International Security Studies in the Post-Cold War Era ( Hertfordshire: Harvester Wheatsheaf, 1991 ).Google Scholar
  8. 16.
    P. Kennedy, The Rise and Fall of the Great Powers ( New York: Random House, 1987 ) p. 151.Google Scholar
  9. 17.
    M. Kaldor, The Baroque Arsenal ( London: Deutsch, 1982 ).Google Scholar
  10. 20.
    S. Gill, American Hegemony and the Trilateral Commission ( Cambridge: Cambridge University Press, 1990 ).Google Scholar

Copyright information

© The United Nations University 1997

Authors and Affiliations

  • Björn Hettne

There are no affiliations available

Personalised recommendations