ABSTRACT
Over the past 30 years especially, globalization has expanded throughout the world. Currencies in many nations have become more flexible, and currency movements have been growing stronger than GDP. Exports and imports have increased as a share of GDP in most nations. Tourism has expanded dramatically, even if migration has stalled relative to exports and capital movements. Currency unions and regional integration are moving ahead in all continents. Foreign direct investment has risen at a rapid pace. And national governments have become more conscious of the need to take global trends and processes into account when setting national priorities and policies. These changes raise a question about whether policy-makers, in a national context, are able to establish governance priorities so as to reflect national concerns about what governments are required to achieve.
