In Supranational Political Economy: The Globalisation of the State–Market Relationship, Guido Montani argues for a supranational approach to global governance that will be a better balance between politics and economics. In making his argument, Montani covers the birth and development of international political economy from Bretton Woods through globalization, including current disorder and crises. A supranational approach would follow the principles on which European political and economic integration was built. The system suggested by Montani would accelerate the convergence of rich and poor countries in the aim of a more sustainable global system, while considering globalization and the current ecological challenges as both causes of social discontent and an opportunity. The book demonstrates how a ‘supranational’ world order enables us to view globalization, world capitalism, and the ecological crises as processes that can be governed. In postwar Europe nation states that had been enemies began a process of integration which led to the abolition of inter-European national borders. With supranational global governance, the same, it is suggested, could be achieved in the global system.
December 2018
Supranational Political Economy by Guido Montani
In Supranational Political Economy, Guido Montani argues that a supranational governance framework modeled on European integration can rebalance politics and economics from Bretton Woods-era disorder through contemporary ecological and globalization crises. The book contends that a supranational world order allows global capitalism, inequality, and ecological challenges to be governed rather than left to uncoordinated nation-states.
About this article
First published in Mondial, Vol. 2, Issue 2 (December 2018), US edition.
Mondial has been published in print twice a year since 2017 by Citizens for Global Solutions and World Federalist Movement – Canada.