Premium
National governments under the discipline of global forces
Author(s) -
Migué JeanLuc
Publication year - 1999
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00186
Subject(s) - centralisation , competition (biology) , globalization , government (linguistics) , business , international trade , power (physics) , industrial organization , market economy , economic system , economics , ecology , linguistics , philosophy , physics , quantum mechanics , biology
Globalisation, in particular the increasing multinationalisation of businesses, has forced government suppliers into direct (in the form of parallel governments) or indirect (in the form of free trade) competition. However, the growth of supranational organisations such as the EU threatens the power of exit which is so vital to competition: overlapping government functions create waste and encourage further the growth of centralisation.