Globalization and the New Regionalism is innovative in three aspects: it offers a new theoretical approach to integration theory; it develops a distinct interpretative model for the impact of globalization on states; and it compares systematically the influence of globalization and the preferences for cooperation cross–regionally in Europe and the Americas. Case studies include the industrialized countries France, Germany, Great Britain and the United States, as well as the newly industrializing countries Argentina, Brazil and Mexico.
This book is a timely contribution to the debate on the consequences of globalization and the foundations of regionalism, and has far–reaching implications for theories of international relations and political economy.
I. Empirical Puzzle and Theoretical Approach.
The Weaknesses of Regional Integration Theories.
The Global Markets Approach in Explaining Cooperation.
Methodology and the Empirical Plausibility of the Hypotheses.
II. Global Markets: Development and Impact on States.
Global Financial Markets.
Global Production and Foreign Direct Investment.
Conclusion: Crises, Interests, and Instruments.
III. Global Markets and the European Single Market.
Liberalization Strategies in the Single Market Project "1992".
The European Level.
IV. Global Markets and MERCOSUR.
Liberalization Strategies in the Common Market of the South.
Excursus: Transnational Banks and the International Monetary Fund.
V. Global Markets and NAFTA.
Liberalization Strategies in the North American Free Trade Agreement.
VI. Comparative Conclusions, Empirical and Theoretical Results.
Empirical Results: Preference and the Global Markets Approach.
Theoretical Development of the Global Markets Approach.
Implications for Theories of Regional Integration and International Relations.
–– Ulrich Beck, University of Munich.
'This carefully circumscribed claim is both well developed and supported. The cross–regional focus of the study is certainly most valuable and welcome.'.
–– Peter Katzenstein, Cornell University