Abstract

This chapter reports the results of testing hypotheses based on the policy implications, according to policy network theory, of three closely related economic king trends: the expansion of trade, the internationalization of production, and the internationalization of finance. Together these trends are close to what is meant by economic globalization, but as they apply more to Europe, North America and East Asia than to poorer countries such as those in Africa (UNCTAD, 2003, p. 23; 2004, pp. 48–49), internationalization is a more accurate term than globalization, and separating out trade, production and finance delineates more precisely what is being examined.

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