Governing global markets in a new age of globalization

Abstract

The contradictions in terms of justice and democracy in contemporary globalization have given rise to counter-movements that attempt to reassert control over economic forces. The rapid changes of our globalizing world also challenge conventional disciplinary academic approaches of analysis. Globalization generates forces of both fragmentation and integration. Globalization yields hybridization where existing forms and practices recombine into new forms and new practices. Structural hybridization can be observed in hybrid economic formations, in business regulation, and in public-private and private-private partnerships between business and society. It gives rise to a plurality of new mixed forms of cooperation and competition.