Russia between states and markets: transnational and subnational pressures in the transition

It has become common to assert that “globalization” poses a challenge to the post-Westphalian state.2 Transnational capital mobility, multinational production of goods, and international competition in goods and services in open markets have combined to restrict the domain of policies susceptible to control by national governments.3 As more regulatory authority is ceded to international regimes (the WTO, the euro) and as borders become increasingly transparent to capital, labor and information, the role of the state requiresat the very least-rethinking.