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Globalisation, Governance, and Investment Rules

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Global Governance in the Twenty-first Century

Part of the book series: Global Issues Series ((GLOISS))

Abstract

If work on globalisation emphasises the obsolescence of the state, a focus on ‘governance’ can help to bring the state back in, though in a diminished capacity. Global governance’s research agenda underscores the state’s increasing marginal authority, sharing with other entities the regulation of economic and social matters. Though work on ‘governance’ often includes government,2 it emphasises the role of international regimes and networks in solving particular problems and the participation of non-state actors in these institutional arrangements.3 State functions are described as moving upwards — to new international institutions — downwards — in partnership with private actors — and, presumably, to nowhere — the redistributivist function of the state, for instance, is diverted formally to no specific place.4

Faculty of Law, University of Toronto (david.schneiderman@utoronto.ca). Many thanks to Dr. Jorge Asbun who provided advice on constitutional matters in Bolivia, Melissa MacLean who shared her work on the water wars, Moira Gracey who translated key texts from Spanish into English, and Kajal Kahana who provided last minute research assistance.

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© 2004 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Schneiderman, D. (2004). Globalisation, Governance, and Investment Rules. In: Clarke, J.N., Edwards, G.R. (eds) Global Governance in the Twenty-first Century. Global Issues Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230518698_4

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