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Migration MattersMobility in a Globalizing World$
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Gurucharan Gollerkeri and Natasha Chhabra

Print publication date: 2016

Print ISBN-13: 9780199464807

Published to Oxford Scholarship Online: October 2016

DOI: 10.1093/acprof:oso/9780199464807.001.0001

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Coming of Age

Coming of Age

Governance for the Globe

Chapter:
(p.63) 5 Coming of Age
Source:
Migration Matters
Author(s):

Gurucharan Gollerkeri

Natasha Chhabra

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199464807.003.0005

There is an underlying conflict between the idea of the ‘nation state’ and the demands of globalization. The ‘Bretton Woods’ institutions sought to strengthen the states through a grand international system. Yet, by 1976, in less than three decades this effort had been all but abandoned with the world embracing the ‘neo-liberal’ doctrine of liberalization, privatization, and deregulation. Is ‘global governance’ at all possible in a manner that can serve the interests of the ‘globe’ (and not just parts of it)? Polanyi’s theory of ‘embeddedness’ argues that a ‘self-regulating market’ is a Utopian endeavour. If we envisage that migration responds to the forces of the market (from regions of surplus labour to regions with labour shortages and skill gaps) then will we not need a body to govern this kind of trans-national mobility to ensure that it is a positive sum game?

Keywords:   nation state, Bretton Woods, neo-liberalism, Polanyi, markets, global governance, liberalization, privatization, deregulation, Washington Consensus

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