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La Regle du Jeu: France and the Paradox of Managed Globalization

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During the 1980s, French policy makers began to develop the doctrine of managed globalization, or what World Trade Organization (WTO) head Pascal Lamy calls today globalization by the rules. Central to the doctrine has been the French and European effort to make rules and build the capacity of international organizations such as the European Union (EU), Organization for Economic Cooperation and Development (OECD), International Monetary Fund (IMF), and WTO. These organizations then would have the authority to govern commercial and financial globalization. These organizations, however, have also used this capacity to promote liberalization. Thus, the practical effect of the doctrine of managed globalization has been to create a more liberal world. It is a world with rules, a world that is organized, to be sure. But it is also a more globalized world, and one inevitably more liberal as well. This is paradoxical for a number of reasons, including: the traditional French ambivalence about globalization; the creation of the doctrine by the French Left; and the antipathy of American policy makers for these liberalizing and organizing agendas. Most remarkably, the concept of managed globalization has been grossly misinterpreted over the years in the French political and intellectual discourse. Most often, managed globalization is understood to be synonymous with taming globalization to make it less liberal. We explain and restore the more literal meaning of the phrase, which is about ordering and mastering globalization. In doing so, we can also highlight the complex links between globalization and European integration, which can be seen as both a Trojan Horse of laissez-faire liberalism in the heart of Europe and as the best tool available to France to shape the world of its own choosing.

Most Common Document Word Stems:

global (217), trade (125), capit (124), liber (119), french (92), manag (90), european (89), rule (88), polici (84), eu (82), franc (74), intern (56), organ (50), fund (47), lami (42), wto (41), world (41), p (40), doctrin (39), movement (38), market (38),

Author's Keywords:

European Union; France; finance; globalization; liberalization; trade.
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Abdelal, Rawi. and Meunier, Sophie. "La Regle du Jeu: France and the Paradox of Managed Globalization" Paper presented at the annual meeting of the American Political Science Association, Marriott, Loews Philadelphia, and the Pennsylvania Convention Center, Philadelphia, PA, Aug 31, 2006 <Not Available>. 2009-05-24 <http://www.allacademic.com/meta/p152634_index.html>

APA Citation:

Abdelal, R. and Meunier, S. , 2006-08-31 "La Regle du Jeu: France and the Paradox of Managed Globalization" Paper presented at the annual meeting of the American Political Science Association, Marriott, Loews Philadelphia, and the Pennsylvania Convention Center, Philadelphia, PA Online <APPLICATION/PDF>. 2009-05-24 from http://www.allacademic.com/meta/p152634_index.html

Publication Type: Proceeding
Abstract: During the 1980s, French policy makers began to develop the doctrine of managed globalization, or what World Trade Organization (WTO) head Pascal Lamy calls today globalization by the rules. Central to the doctrine has been the French and European effort to make rules and build the capacity of international organizations such as the European Union (EU), Organization for Economic Cooperation and Development (OECD), International Monetary Fund (IMF), and WTO. These organizations then would have the authority to govern commercial and financial globalization. These organizations, however, have also used this capacity to promote liberalization. Thus, the practical effect of the doctrine of managed globalization has been to create a more liberal world. It is a world with rules, a world that is organized, to be sure. But it is also a more globalized world, and one inevitably more liberal as well. This is paradoxical for a number of reasons, including: the traditional French ambivalence about globalization; the creation of the doctrine by the French Left; and the antipathy of American policy makers for these liberalizing and organizing agendas. Most remarkably, the concept of managed globalization has been grossly misinterpreted over the years in the French political and intellectual discourse. Most often, managed globalization is understood to be synonymous with taming globalization to make it less liberal. We explain and restore the more literal meaning of the phrase, which is about ordering and mastering globalization. In doing so, we can also highlight the complex links between globalization and European integration, which can be seen as both a Trojan Horse of laissez-faire liberalism in the heart of Europe and as the best tool available to France to shape the world of its own choosing.

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          La Règle du Jeu:   France and the Paradox of Managed Globalization            Rawi Abdelal    Sophie Meunier    Harvard Business School    Princeton University    rabdelal@hbs.edu    smeunier@princeton.edu                  We would like to thank Matthew Baldwin  Jean‐Francois Brakeland and Pascal Lamy for  sharing their views with us. All errors  of course  remain ours.    Prepared for delivery at the 2006 Annual Meeting of the American Political Science  Association  August 30th‐September 3  2006.  Copyright by the American Political Science  Association.    La Règle du Jeu:  France and the Paradox of Managed Globalization    Abstract    During the 1980s  French policy makers began to develop the doctrine of “managed  globalization ” or what World Trade Organization (WTO) head Pascal Lamy calls today  “globalization by the rules.”  Central to the doctrine has been the French – and European  – effort to make rules and build the capacity of international organizations such as the  European Union (EU)  Organization for Economic Cooperation and Development  (OECD)  International Monetary Fund (IMF)  and WTO.  These organizations then  would have the authority to govern commercial and financial globalization.  These  organizations  however  have also used this capacity to promote liberalization.  Thus   the practical effect of the doctrine of managed globalization has been to create a more  liberal world.  It is a world with rules  a world that is organized  to be sure.  But it is also  a more globalized world  and one inevitably more liberal as well.  This is paradoxical for  a number of reasons  including: the traditional French ambivalence about globalization;  the creation of the doctrine by the French Left; and the antipathy of American policy  makers for these liberalizing and organizing agendas.  Most remarkably  the concept of  managed globalization has been grossly misinterpreted over the years in the French  political and intellectual discourse.  Most often  managed globalization is understood to  be synonymous with taming globalization to make it less liberal.  We explain and restore 
                                                         92  See  for example  Frank Dobbin  “The Sociological View of the Economy ” in The New  Economic Sociology  ed. Frank Dobbin (Princeton  N.J.: Princeton University Press  2004); and  Michael Barnett and Martha Finnemore  Rules for the World: International Organizations in Global  Politics (Ithaca  N.Y.: Cornell University Press  2004).    31


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