Increased openness to trade and financial flows has spread around the world over the course of the past few decades, working together with accelerating technological change to create new worldwide economic dynamism in a variety of sectors. Openness has had positive political as well as economic consequences. Backward looking elites find it harder to use local political machines to shield their assets from more forward-looking competitors. Opaque, arbitrary and capricious governments pay a higher economic price than they did fifty years ago. Nonetheless, the new globalize political economy still leaves much to be desired (cf. Nayyar, 1999).

Economic Governance Institutions in a Global Political Economy for Developing Countries
-The WTO as an Organization and Political Entity
-Global and National Economic Governance: Is there a zero sum relationship?
-The Opportunities and Dangers of Expanding Global Governance
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