Review
"This is a visionary work by an author with in-depth knowledge of the real world. Fischer writes in the tradition of an unjustly neglected stream of thought which sees economic relations in their broader perspective. He stresses that the fierce competitiveness on the surface of globalized capitalism is underpinned by a crucial set of widely shared interests, values, and institutional arrangements. Together, these amount in effect, to a form of global governance (though not of government' in the traditional sense). Some see this as a threat. Fischer sees it as a promise--but one which can all too easily fall victim to short-sighted policies and narrowness of vision. Both the friends and enemies of globalization will be stimulated--and challenged--by Fischer's arguments."-Stephen C. Neff Faculty of Law University of Edinburgh
Book Description
Regulation of world trade is beyond the control of any one nation. Moreover, Western capitalism is losing its influence in trade negotiations. Policy makers must be alerted to these changes and adjust to them creatively. Fischer argues that the United States needs allies in the new era of world trade, that the private sector is increasingly influential in driving the world trade agenda, and that trade globalization creates a new paradigm that supplants traditional national competition.