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How does economic globalization shape the regulations that states enact to control negative externalities? Previous research downplays the role of international cooperation and the present historical context, so it cannot offer a coherent theoretic account of the empirical record. I construct a formal model in which states can engage in regulatory cooperation to coordinate their policies. I prove three main results. First, a 'race to the bottom' is unlikely because it requires non-cooperative adjustments by industrialized countries. Second, a partial 'race to the top' is likely because many emerging countries stand to gain from reduced negative externalities and the competitiveness problem is limited when the most lucrative export markets are already regulated. Finally, powerful industrialized countries with a high regulatory capacity benefit from a global expansion of regulation. Adapted from the source document.

We address two questions that are central to the literature on the emergence of democracy & economic globalization. First, does democratization foster higher levels of trade & capital account openness? Second, do trade & capital account openness increase the likelihood of democratization? We review the literature in international political economy & comparative politics that has theoretically & empirically addressed these questions. We then conduct some empirical tests in a sample of developing countries to briefly evaluate the empirical relationship between democracy & economic globalization. Our analysis reveals that evidence for the claim that democracy fosters trade & capital account liberalization is robust but that empirical support for the predicted positive effect of economic openness on democracy among developing countries is weak. More theoretical work is needed to clarify the link between democracy & economic liberalization, & to this end we provide possible topics for future research. Adapted from the source document.

We address two questions that are central to the literature on the emergence of democracy and economic globalization. First, does democratization foster higher levels of trade and capital account openness? Second, do trade and capital account openness increase the likelihood of democratization? We review the literature in international political economy and comparative politics that has theoretically and empirically addressed these questions. We then conduct some empirical tests in a sample of developing countries to briefly evaluate the empirical relationship between democracy and economic globalization. Our analysis reveals that evidence for the claim that democracy fosters trade and capital account liberalization is robust but that empirical support for the predicted positive effect of economic openness on democracy among developing countries is weak. More theoretical work is needed to clarify the link between democracy and economic liberalization, and to this end we provide possible topics for future research.

The article reviews V. S. Pan'kov's "Globalizatsiia ekonomiki: sushchnost, proiaveleniia, vyzovy i vozmozhnosti dlia Rossii" ["Globalization of the Economy: Essence, Manifestations, Challenges, and Opportunities for Russia"]. The study under review is oriented toward the comprehensive resolution of problems relating to the evolution of Russia as a subject, and not only an object, of globalization. The value of the monograph largely lies in its use of sources from a variety of different countries, including Russia. Pan'kov avoids conventional and superficial definitions of economic globalization. While stressing the generally progressive character of economic globalization, the author at the same time reveals the contradictions and negative aspects of the current liberal (neo-liberal) model that are highlighted by anti-globalists and alter-globalists. K. Cargill

Do parties adjust their economic policy positions in response to the international economy? I explore how international economic conditions affect Western Europe's welfare states by quantitatively analysing parties' ideological dynamics over time. Considering the convergence-divergence argument of the globalization literature, I evaluate the hypothesis that economic openness motivates parties to adjust their economic policies. My empirical analyses reveal that both left-wing and right-wing parties do indeed systematically adjust their positions in response to economic changes associated with globalization. However, the results contradict the neoliberal convergence argument, as parties shift in varying directions in response to different indicators of openness. Importantly, the differences between left-wing and right-wing parties' responses are not statistically significant, pointing to the importance of including right-wing parties in the globalization literature. [Reprinted by permission of Sage Publications Ltd., copyright holder.]

This article traces the origins of the recent growth of homelessness in Japan to the following three structural changes that occurred in the 1980s in association with economic globalization: (a) a shift from a manufacturing to a service economy, (b) urban redevelopment, and (c) government policy shifts toward deregulation and privatization. The study indicates that a growing segment of Japan's low-income workforce has been subject to exclusion from employment, housing, and welfare.