AbstractProcesses of economic globalization create regulatory problems that can no longer be solved at the nation-state level alone. Pessimistic scenarios forecast that states will lose control of their policy instruments and that deregulatory "races to the bottom" are likely to follow. More...

AbstractThe debate on economic "globalization" suggests that the blurring of territorial boundaries shifts the power relations between nation-states and domestic market constituencies in favour of the latter. States have lost autonomy since policies are increasingly formulated in supranational...

Abstract In this paper we examine some effects of economic internationalization on state structures, especially in regard to the distribution of power and authority within federalist systems. Using an institutional rational choice model, we analyze changes in financial regulation and market...