ABSTRACT
For all advanced industrialized societies, the forces of globalization have imposed similar economic imperatives. The rise of international financial markets, global business competition, and supranational economic governance institutions and actors have ensured that governments everywhere, whether of the left or the right, now seek to downsize, deregulate, and privatize while businesses seek to rationalize and internationalize. Moreover, while the state has been getting smaller, business has been growing bigger in size and more global in scope, and consequently less in need of the compromises of the past with labor or of the traditionally close ties with national governments-even if it has not therefore become entirely “stateless.”
