Global Market and Public Governance in Europe
Author(s) -
Luca Bisio
Publication year - 2004
Publication title -
symphonya emerging issues in management
Language(s) - English
Resource type - Journals
eISSN - 1593-0319
pISSN - 1593-0300
DOI - 10.4468/2004.1.07bisio
Subject(s) - legitimacy , corporate governance , global governance , dual (grammatical number) , balance (ability) , power (physics) , political science , public administration , business , economic system , political economy , economics , politics , law , medicine , art , physics , literature , finance , quantum mechanics , physical medicine and rehabilitation
The relationships between the governance of public bodies and stakeholders is of essential importance, independently of the different administration systems existing in Europe. Therefore the Nation-States are: losing power while maintaining considerable influence; trying to govern the complex dynamic balance between global network pressure and the growing press on local identities. In this scenario, answers coming from Nation-States on governance models go in the dual direction of: developing supra-national institutions to retake their role with respect to global networks; decentralising administrative power to a regional and local level, so to reaffirm their internal legitimacy
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