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Publications
  • April 2010
  • Article
  • Journal of European Public Policy

Managed Globalization: Doctrine, Practice, and Promise

By: Rawi Abdelal and Sophie Meunier
  • Format:Print
  • | Pages:18
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Abstract

Two alternate visions for shaping and explaining the governance of economic globalization have been in competition for the past 20 years: an ad hoc, laissez-faire vision promoted by the United States versus a managed vision relying on multilateral rules and international organizations promoted by the European Union. Although the American vision prevailed in the past decade, the current worldwide crisis gives a new life and legitimacy to the European vision. This essay explores how this European vision, often referred to as 'managed globalization,' has been conceived and implemented and how the rules that Europe fashioned in trade and finance actually shaped the world economy. In doing so, we highlight the paradox that managed globalization has been a force for liberalization.

Keywords

Financial Crisis; Trade; Globalized Economies and Regions; Governing Rules, Regulations, and Reforms; Competition; European Union; United States

Citation

Abdelal, Rawi, and Sophie Meunier. "Managed Globalization: Doctrine, Practice, and Promise." Journal of European Public Policy 17, no. 3 (April 2010): 349–366.
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About The Author

Rawi E. Abdelal

Business, Government and the International Economy
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More from the Authors
  • Of Learning and Forgetting: Centrism, Populism, and the Legitimacy Crisis of Globalization By: Rawi Abdelal
  • Ukraine: On the Border of Europe and Eurasia (B) By: Rawi Abdelal, Jonathan Schlefer and Cressida Arkwright
  • Leading Through Challenging Times: Atlanta Mayor Keisha Lance Bottoms By: Michael Norris, Rawi Abdelal and Kimberlyn Leary
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