For a policy area to be substantially effected by globalization the issue needs to move beyond the boundaries of the traditional state borders. The two policies areas that have been the most influenced the globalization are security and economic policy. With economic policy since the establishment of the Bretton Woods which saw the foundation of the International Monetary Fund, national policy has increasingly been subject to international influences. As international trade has grown to unprecedented manner national economies have become more and more connected. A decision made in on country can have influence on another, as seen in the results of the subprime mortgages in the U.S. that lead to the global financial crisis in 2008. This supported by Ron Martin’s idea of globalization has lead to a delocalization of financi...
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Martin, Ron, “The Local Geographies of the Financial Crisis: From the Housing Bubble to Economic Recession and Beyond,” Journal of Economic Geography (2010), published online in advance of print. http://joeg.oxfordjournals.org/content/early/2010/06/11/jeg.lbq024.abstract pg 5
Steger, Manfred D. Globalism: The New Market Ideology. Rowman & Littlefield Publishers, 2002.
Woods, Ngaire “Global Governance after the Financial Crisis: A New Multilateralism or the Last Gasp of the Great Powers?” Global Policy 1:1 (January 2010), pp. 51-63. http://onlinelibrary.wiley.com/doi/10.1111/j.1758-5899.2009.0013.x/full
Yeats, Nicola “Globalization and Social Policy,” in John Baldock, Nicholas Manning, and Sarah Vickerstaff, eds., Social Policy, 3rd edn. (Oxford University Press, 2007), chapter 21.
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