The Market or the Public Domain: Global Governance and the Asymmetry of Power (Innis Centenary Series)

Examining the powerful idea of the return, reconstitution and redeployment of the public domain in a post-Seattle and post-Washington consensus world order, this innovative book is the most forward-looking and comprehensive examination of the need to rethink the tenants of global free trade. In the past two decades, countries have focused on broadening and guaranteeing market access, and as the pendulum swings back for the market, the issue of investing in the public domain becomes a priority. The authors believe that devising new institutions of governance for a globalizing world requires fundamental change nationally and internationally. They argue that new public spaces, places and services are required to strengthen democracy and create sanctuaries in society where the market mechanism cannot reach. The public domain is an incipient concept that enables states to reduce the intrusiveness of markets and at the same time develop a strong national performance to reduce the inequality and social exclusion in an increasingly volatile global economy. This original volume boasts an impressive list of international contributors who have demonstrated innovation and leadership in their fields. It will strongly appeal to advanced students, academics and policy makers involved in the field of global governance and international political economy. Economics, Finance, Business & Industry Book Cover 1 Title 4 Copyright 5 Contents 6 1 The return of the public domain after the triumph of markets 52 2 Reinventing Gladstone? 87 3 The re-constitution of the public domain 100 4 Policy domain or public domain at a time of globalization 128 5 The contested competence of NGOs and business in public life 144 6 Social disability and the public good 163 7 The informational commons at risk 190 8 Avoiding the tragedy of the commons: greening governance through the market or the public domain 217 9 Human security in the global era 244 10 Public goods: taking the concept into the twenty-first century 270 11 The public good versus private interests and the global financial and monetary system 289 12 Regionalism 311 13 Global markets and social legitimacy 336 14 Democratizing globalism 350 15 Saving the social bond and recovering the public domain 375 Index 396 It appears that not only the state, as an organizing entity, but the public domain - the non-tradable social goods sector that exists in every society - is ready to make a come-back (Albert 1993).