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Democracy has been changed by global transformations such as the integration of financial systems, expansion of trade, & environmental concerns. A new cosmopolitan democracy is needed to replace a now ineffectual democracy based in the nation-state & regional boundaries. Cosmopolitan democracy recognizes that, while nation-states & local institutions will remain important, transnational democracy & its regulatory agencies should take precedence. Such agencies are currently lacking, & institutions need to be developed to arbitrate disputes & facilitate communication. The current incarnation of the UN is inadequate because, eg, it is controlled by the most powerful nations & has no sway over economic issues. Although the UN can be reformed, focus should be on building regional & global "boundary courts" & recruiting a transnational army to resolve conflicts. Historical precedent & cooperative bodies such as the European Union demonstrate that these changes are possible. 2 References. E. Munson

The development of the idea of democracy is traced from city-states of antiquity & the early republican tradition to liberalism & Marxism, & the relevance of the primary conceptions of democracy to contemporary circumstances is explored. In light of the complex interconnections among states & societies, a new agenda for democratic theory is offered that departs from an exclusive focus on particular political communities & the nation-state. After examining various key models of the international order -- eg, the states system, the UN Charter framework -- a case is made for a cosmopolitan international democracy. Despite many difficulties, strong grounds are presented for this model's indispensability to the maintenance & development of democracy both within & across preestablished borders. 3 Tables, 1 Appendix.

IT HAS BEEN ARGUED THAT THE CONTEMPORARY HISTORICAL PHASE OF GLOBALIZATION IS TRANSFORMING THE VERY FOUNDATIONS OF WORLD ORDER BY RECONSTITUTING TRADITIONAL FORMS OF SOVEREIGN STATEHOOD, POLITICAL COMMUNITY AND INTERNATIONAL POLITICAL RELATIONS. BUT THESE TRANSFORMATIVE PROCESSES ARE NEITHER HISTORICALLY INEVITABLE NOR BY ANY MEANS FULLY SECURE. AS A RESULT, THE CONTEMPORARY WORLD ORDER IS BEST UNDERSTOOD AS A HIGHLY COMPLEX, CONTESTED AND INTERCONNECTED ORDER IN WHICH THE INTERSTATE SYSTEM IS INCREASINGLY EMBEDDED WITHIN EVOLVING REGIONAL AND GLOBAL POLITICAL NETWORKS.

GLOBALIZATION HAS BEEN WIDELY USED TO REFER TO RECENT SHARP INCREASES IN LEVELS OF INTERNATIONAL ECONOMIC FLOWS. THIS ARTICLE ARGUES THAT CONCEPTIONS OF GLOBALIZATION UNDERLYING CURRENT DEBATES ARE INADEQUATE AND THEIR ANALYSIS OF EMPIRICAL EVIDENCE CONSEQUENTLY MISLEADING. INSTEAD, IT OUTLINES AN APPROACH TO GLOBALIZATION THAT PROVIDES AN ANALYTICAL BASIS FOR CONCEPTUALIZING QUALITATIVE CHANGE IN GLOBALIZATION AND DISTINGUISHING BETWEEN ITS HISTORICAL FORMS. IT PROVIDES A BASIC CONCEPTUAL APPARATUS AND USES THIS TO ANALYZE THE EVIDENCE FOR GLOBALIZATION IN THREE KEY ECONOMIC AREAS; TRADE, INTERNATIONAL FINANCE AND MULTINATIONAL PRODUCTION. IT CONCLUDES WITH SOME GENERAL OBSERVATIONS ON THE NATURE OF CONTEMPORARY ECONOMIC GLOBALIZATION AND ITS IMPLICATIONS FOR THE POWER OF NATION STATES.