The Effects of Globalization and Turbulence on Policy-making Processes
Author(s)
Campanella, Miriam L.
Abstract
Supranational institutions have spurred the creation of trading blocks that will eventually become one global market. This has led to domestic-led turbulence as nations adapt to global markets and their whims, and external-led turbulence, generated by the actions of transnational actors who control monetary issues. As a result of these types of turbulence more globally powerful nations have more say in policy, domestic policy-makers are fighting global and internal forces, and proactive policies will be promoted for their domestic benefits.
