Rola rynku w kształtowaniu się zarządzania globalnego
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Date
2014
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Wydawnictwo Naukowe WNPiD UAM w Poznaniu
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The role of the market in forming global governance
Abstract
This text reflects on the role of the global market, defined as the space where various
relations between states and private entities take place. The following examples
are provided in the case of the latter: private arbitration, rating agencies, International
Standard Organisation, The Internet Corporation for Assigned Names and Numbers,
and Codex Alimentarius Commission. The market is depicted in the context of a number
of economic and financial phenomena constituting the contemporary face of globalization.
The article also presents the diverging standpoints of researchers as concerns
the role attributed to the market in global governance as the space of activities of
non-state entities, especially considering the fact that – as a more and more vital holder
of power exceeding that of state powers – private structures are acquiring broad autonomy
within national and international law. Thereby, they become important regulators
of jurisdiction and the international economy. From this perspective, globalization
leads to the extension of the scope of rules regulating more and more fields of economic
activity conducted beyond national borders. The further weakening of the role
states have in relation to market powers and entities involved in a broad range of actions
in economy, trade, and international finances is therefore plausible.
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Środkowoeuropejskie Studia Polityczne, 2014, nr 2, s. 21-38.