Policy Responses to Globalization

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Policy Responses to Globalization
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• Background
• Growth of Interdependence since World War II
• Rising US involvement in the US economy
  Consequences Race to the Bottom

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• Question What to do?
• The Issues
• Sovereignty
• Economic performance
• Social Compact
• Citizenship
• Culture
• Democracy
• Environment
• Identity

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• Policy responsesEnthusiasmAdaptationConservati
  ve NationalismLiberal NationalismTransformation
  Right-wing backlash

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• Enthusiasts
• Let the market decide
• As IMF director said Globalization must be
  embraced.
• US trade and investment policy reflect market
  orientation
• US supports IMF policies abroad
• Structural adjustment Neoliberalism

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• Adaptationist
• Globalization should be encouraged, but managed
• Three formsShared austerityProgressive
  competitivenessInternational Keynesianism

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• Conservative Nationalism
• America First
• US has plenty of labor and markets, no need for
  high level of trade
• Free Trade agreements favor a few at the expense
  of the many
• Close the borders and cast down your bucket
  where you are
• Culture and way of life is central concern

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• Liberal Nationalism
• Social Democracys natural home is nation-state
• Globalization threatens the gains made over many
  years of political struggle
• Labor, environment, consumers, and communities
  need protection
• Fair trade, not free trade transnational
  organizing

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• Transformationalist
• The Problem is the System Change ItCapitalism
  makes globalization undesirable
• Strong ecological dimension
• Cultural diversity advocatedSome alternatives
  global socialism, bioregionalism, decentralized
  local democracy

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• Right-wing Backlash
• Globalization is part of an anti-American
  conspiracy
• Goal of conspiracy is to establish one-world
  government, destroying American sovereignty
• Traitors in US facilitate this projectStrong
  emphasis on identity as a true American white
  and Christian.
• Strong opposition to UN, free trade, and open
  immigration

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• What is Policy?
• Parameters of the debate in mainstream of
  parties and media From enthusiasm to adaptation,
  with some voices expressing conservative and
  liberal nationalism
• Transformation and right-wing backlash
  marginalized
• Clinton elements of enthusiasm and adaptation
• Bush more market-oriented Enthusiast in
  rhetoric, although creeping protectionism to
  defend business interests is present

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