The Effects of Globalization and Turbulence on Policy‐Making Processes

Abstract

During Recent Years, Analysts of World Politics Have noted increasing tensions and conflicts between the countries of the OECD area. As the process of globalization is extending to include several new sectors of domestic economies, multilateralism is deteriorating and perhaps, in some sectors, reaching breaking-point. Globalization, widely acknowledged as a powerful engine for the growth of the world economy during the 1970s and 1980s is now splitting up into trading blocs and much more limited minilateralism. This contribution aims at analysing the extent to which policy-making could be improved so that it can address and deal with the effects of globalization and turbulence on domestic and international environments.