Abstract
This paper challenges the idea that globalization should be viewed as a damaging western ideology. Rather than being an expression of US imperialism, the benign process of globalization is threatened by the unwillingess of the US to maintain its Pax, whilst simultaneously attempting to legislate the affairs of the world through a form of 'ethical imperialism'. The argument is developed through an examination of the debate over global public goods, in particular the maintenance of peace, and the role of international financial institutions in dealing with recurrent financial crises.
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