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Governments, Globalization, and International Business$
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John H. Dunning

Print publication date: 1999

Print ISBN-13: 9780198296058

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198296053.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 16 April 2021

Globalization and National Government Policies: An Economist's View

Globalization and National Government Policies: An Economist's View

(p.73) 2 Globalization and National Government Policies: An Economist's View
Governments, Globalization, and International Business

Richard G. Lipsey

Oxford University Press

The view of globalization taken in this chapter is that it is but a subset of the immense number of structural adjustments that the world is undergoing as a result of the evolution of a related group of new technologies usually referred to as information and communications technologies (ICT). Since the ICT revolution is causing many structural adjustments, including globalization, and since the rethinking of the role of governments is to a great extent driven by all of these structural changes, it is often hard to know what is due to globalization and what is due to other aspects of the adjustments wrought by the ICT revolution. So, the scope of this chapter is the nature of the ICT revolution, the deep structural adjustments that it is inducing, including globalization, and the rethinking of the place of the government in the economy—one major driving force of which is globalization. Sect. 2 of the chapter looks at technological and structural change in general and ends with globalization in particular, and Sect. 3 deals with what economists have traditionally regarded as the functions of the nation state. Sect. 4 develops the chapter's main theme,i.e., how technological change and globalization are altering views about the place of government in the economy and, in the process, leading to a new clash of ideologies.

Keywords:   globalization, government, government policy, ICT, information and communications technologies, structural change, technological advance, technological change

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