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From Trade Liberalisation to Transnational Governance and TTIP: How Dani Rodrik, Karl Polanyi and the Varieties of Capitalism Studies May Help us to Understand The Present State of Globalization

  • This paper discusses the fundamental tensions between economic globalization and democratic politics in the field of international trade governance. The move towards mega-regional trade agreements, as heralded by the controversies over the Transatlantic Trade and Investment Partnership (TTIP) and the Comprehensive Economic Trade Agreement (CETA), has greatly accentuated grievances and is therefore of exemplary importance in the realms of transnational governance. Based on the theoretical frameworks of Karl Polanyi and Dani Rodrik, we examine the decoupling of these agreements from national and democratic control and the resulting legitimacy impasses of transnational governance. Arguing that politics is not a mistake that gets in the way of markets, we submit our own conceptualization of transnational legitimacy. In doing so we suggest a new type of conflicts law which does not seek to overcome socio-economic and political diversity by some substantive transnational regime but responds to diversity with procedural safeguards, thus ensuring space for cooperative problem-solving and the search for fair compromises.

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Metadaten
Document Type:Contribution to a Periodical
Language:English
Author(s):Christian Joerges, Fabian Bohnenberger
Parent Title (English):Think! Paper
Publisher:Transnational Law Institute, King's College
Place of Publisher:London
Publication year:2016
Number pages:38
DOI:https://doi.org/10.2139/ssrn.2862966
Release Date:2017/08/07
Tag:Conflicts law; Dani Rodrik; Democracy; Democratic legitimacy; Globalization; International trade; Karl Polanyi; Mega-regional trade agreements; Transatlantic Trade and Investment Partnership
Volume:44/2016
Licence of document (German):Metadaten / metadata
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