European politicians often speak of their efforts to 'manage
globalization.' At one level, this is merely a rhetorical device to
make globalization more palatable to citizens and prove that
policy-makers are still firmly in control of their country's fate.
This volume argues that the advocacy of managed globalization goes
beyond rhetoric and actually has been a primary driver of major
European Union (EU) policies in the past twenty years. The EU has
indeed tried to manage globalization through the use of five major
mechanisms: 1) expanding policy scope; 2) exercising regulatory
influence; 3) empowering international institutions; 4) enlarging
the territorial sphere of EU influence; and 5) redistributing the
costs of globalization. These mechanisms are neither entirely
novel, nor are they always effective but they provide the contours
of an approach to globalization that is neither ad hoc
deregulation, nor old-style economic protectionism. The recent
financial crisis may have seemed initially to vindicate the
European efforts to manage globalization, but it also represented
the limits of such efforts without the full participation of the US
and China. The EU cannot rig the game of globalization, but it can
try to provide predictability, oversight, and regularity with rules
that accommodate European interests. This book was based on a
special issue of Journal of European Public Policy.
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