Market Integration and Governance: How Globalization Spurred a Backlash Against Itself
Critics of globalization associate contemporary economic ills, ranging from growing economic inequality to deindustrialization, with the integration of world markets since 1990. But economic integration also had a political effect: while fueling significant growth, governments in this era found that their autonomy to intervene in domestic markets was severely constrained. This constraint on economic intervention was due to market, institutional, and doctrinal factors.