Governance in an Interconnected World

No AccessJan 2017Governance in an Interconnected WorldAuthors/Editors: World BankWorld BankSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-0950-7_ch9AboutView ChaptersFull TextPDF (3.8 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Shows that dynamics of governance do not exist solely within the boundaries of nation-states, as countries today face an interconnected, globalized world characterized by a high velocity and magnitude of flows of capital, trade, ideas, technology, and people. Globalization can greatly benefit countries in search of sustained and inclusive development, but global interactions can undermine domestic social and economic development by exerting power in ways that prevent the adoption of policies fit for the domestic or local context or by reinforcing preexisting conditions that sustain socially undesirable outcomes. The desire to attract…