Exploring changes in governance across several policy areas (such as tourism, trade, finance, and fiscal and monetary policy), this work demonstrates that globalization changes the policy preferences of some actors, increases the bargaining power of others, and opens new institutional options for yet others.

List of Contributors vii Acknowledgments xiii Chapter 1: Globalization and Governance by Miles Kahler and David A. Lake 1 Part 1. Globalization and Changing Locations of Governance Chapter 2: The Leverage of Economic Theories: Explaining Governance in an Internationalized Industry by Lisa L. Martin 33 Chapter 3: Political Integration and Disintegration in the Global Economy by Michael J. Hiscox 60 Chapter 4: Globalization and Fiscal Decentralization by Geoffrey Garrett and Jonathan Rodden 87 Chapter 5: Globalization and Demands for Regional Autonomy in Europe by Pieter Van Houten 110 Chapter 6: Monetary Governance in a World of Regional Currencies by Benjamin J. Cohen 136 Chapter 7: Governing Global Financial Markets: International Responses to the Hedge-Fund Problem by Barry Eichengreen 168 Chapter 8: Public and Private Governance in Setting International Standards by Walter Mattli 199 Chapter 9: Globalization and Industry Self-Regulation by Virginia Haufler 226 Part 2. Convergence in National Governance Chapter 10: International Capital Mobility and National Policy Divergence by Ronald Rogowski 255 Chapter 11: Globalization and Policy Diffusion: Explaining Three Decades of Liberalization by Beth A. Simmons and Zachary Elkins 275 Chapter 12: Corporate Governance: Global Markets, National Politics by Peter Gourevitch 305 Chapter 13: Globalization, Institutions, and Convergence: Fiscal Adjustment in Europe by Kathleen R. McNamara 332 Part 3. Democratic Deficits and the Problem of Accountability Chapter 14: Democracy, Accountability, and Rights in Supranational Governance by James A. Caporaso 361 Chapter 15: Redefining Accountability for Global Governance Robert O. Keohane and Joseph S. Nye, Jr. 386 Chapter 16: Globalization and Changing Patterns of Political Authority by Miles Kahler and David A. Lake 412 References 439 Index 481

"This book provides important insights into globalization's complex and contradictory effects on political authority and governance in general and on new institutional options in particular."--Donald E. Klingner, Public Administration Review

"This well-crafted and timely volume challenges the common assumption that globalization is an inexorable force severely circumscribing the policy autonomy or sovereignty of national governments. Its chapters make for a rich collection of ideas, evidence, and rigorous social science theorizing about the causes and consequences of global change. Following the terrible events of September 11, 2001, some observers speculated that 'globalization is dead.' But this has proven not to be so. Indeed, the issues addressed in this book are more important than ever for those concerned with pursuing an understanding of contemporary international affairs."—Timothy J. Sinclair, University of Warwick, coauthor of Approaches to World Order"This book includes a number of excellent chapters by many of the leading scholars in international political economy that advance important and innovative arguments for globalization's impact on governance as being indeterminate. The editors are to be commended on bringing together such a high quality group of researchers in one volume."—Eric Helleiner, Trent University, author of States and the Re-emergence of Global Finance

This well-crafted and timely volume challenges the common assumption that globalization is an inexorable force severely circumscribing the policy autonomy or sovereignty of national governments. Its chapters make for a rich collection of ideas, evidence, and rigorous social science theorizing about the causes and consequences of global change. Following the terrible events of September 11, 2001, some observers speculated that 'globalization is dead.' But this has proven not to be so. Indeed, the issues addressed in this book are more important than ever for those concerned with pursuing an understanding of contemporary international affairs. -- Timothy J. Sinclair, University of Warwick, coauthor of "Approaches to World Order" This book includes a number of excellent chapters by many of the leading scholars in international political economy that advance important and innovative arguments for globalization's impact on governance as being indeterminate. The editors are to be commended on bringing together such a high quality group of researchers in one volume. -- Eric Helleiner, Trent University, author of "States and the Re-emergence of Global Finance"