Extended Neo-liberalism: Governing Without the State
Clearly, there is significant social dislocation associated with a deregulated global economy. Yet, there are also significant gains in wealth to be made. There are some liberals who argue that these long-term gains are worthwhile but will require stronger forms of liberalisation and deregulation than the prevailing form of neo-liberalism. This approach of liberal governance is depicted in this chapter as extended neo-liberalism. While there are different ways in which an unfettered global market can be enabled, the approach of extended neo-liberalism sees the nation-state as an impediment to the economic gain of an even more deregulated economic order. While neo-liberal governance relies upon the nation-state to enact deregulation, the approach explicated in this chapter perceives the nation-state to be a threat to the realisation of high levels of deregulation as well as possessing the potential to reverse this deregulation in the future and threaten the interests of capitalists. This is because the nation-state ultimately embeds more than just capitalism or competitiveness; it also embodies various interests in society.
KeywordsRegion State Global Economy Global Capitalism Most Favored Nation Multilateral Agreement
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