Becoming Economic Citizens

Published: September 18, 2007, 9:45 am

Tags: economic policy, globalisation, european social model, business, inequality, democracy, economic, economy, politics

By Henning Meyer In the general debate about globalisation, it is a widely held assumption that the scope of action of democratic governments is deteriorating due to advancing economic integration. The bringing down of trade barriers, the shift to a more service based economy and innovations in ICTs have led to business operations going further beyond national borders than ever before. This is generally a good development. Unfortunately however, this expansion of economic activity has not yet been mirrored by a corresponding extension of democratic governance. As a result, the ability of democratic politics to regulate the economy has diminished. This all too often leads to unsustainable inequalities within and between countries. In this context there is some serious debate going on about the development of regional and global governance structures to regain the primacy of democratic politics. This is a vital discussion that needs to be pushed forward. But it seems strange that the

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