Philip Cerny
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International Political Economy

Most analyses of globalization see the international political economy as relatively unregulated and increasingly integrated across borders, mixing the anarchical and the hierarchical in new ways. The political conclusion drawn from this is that existing domestic structures, including democratic policy-making, must be adapted to deal with the imperatives of such a world. If democracy is seen as primarily about pluralism and individual or group autonomy, then the complexities of globalization are such that it may foster increased diversity and possibilities for autonomy. This is the argument for 'cosmopolitan democracy' as developed most notably by D. Held. This chapter discusses two sets of intertwined questions that dominate traditional debates about democratic theory. The first concerns the concept of 'rule by the people'. The second concerns the generic functions of states or governments.

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