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Global capitalism and the question of global governance: A socioeconomic perspective

Kenneth B. Taylor (Department of Economics, Villanova University, Villanova, Pennsylvania, USA)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 August 2004

Abstract

Economists have observed that during the last several decades of the twentieth century there have been more examples of national economic success than failure. One leading explanation for this is that socio‐economic evolution has resulted in improved institutions and institutional arrangements. Globalization during the second half of the twentieth century spread capitalist institutions and liberal politics around the world. This paper examines the fundamental forces underlying these socioeconomic processes. If the boundaries of these forces are on the global rather than national level, the issue of a global government naturally arises. The relationship between the forces of socio‐economic evolution, sustainable globalization and global governance are explored. An index of global government is presented to monitor these phenomena over time.

Keywords

Citation

Taylor, K.B. (2004), "Global capitalism and the question of global governance: A socioeconomic perspective", International Journal of Social Economics, Vol. 31 No. 8, pp. 773-789. https://doi.org/10.1108/03068290410546039

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited