During the past decade, the traditional dominant discourse within the discipline of political economy about the appropriate roles for the state and market respectively has been displaced by a near fixation with the nature, impact and implications of globalization for the exercise of state power, and the need to conform to the policy and institutional conventions of competitive neo-liberalism. Despite these external constraints, states have retained significant policy autonomy to mediate the effects of globalization because globalization can act as an enabling force as well as a constraint on economic governance. Indeed, ‘rather than national states being generally constrained, hollowed out, and transformed by global markets, domestic institutions – especially, but not only, political ones – are key to understanding the effects of openness and where interdependence may be heading’ (Weiss, 2003: 4). As a consequence, the character of domestic institutions has remained decisive in determining how state power has been used to enhance the competitive advantage of nations in global markets.
Keywords
- Innovation Policy
- Global Entrepreneurship Monitor
- World Economic Forum
- Total Entrepreneurial Activity
- English Region
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Lee, S. (2007). Stranded on the Common Ground?: Global Governance and State Power in England and Canada. In: Lee, S., Mcbride, S. (eds) Neo-Liberalism, State Power and Global Governance. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-6220-9_3
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