Does Globalization Require Global Government?
Indian Journal of Economics and Business 2007, Sept
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Publisher Description
The need for world government has been defended on several grounds. This paper considers the economic desirability of such an arrangement from a cost-benefit perspective. My analysis suggests that the expected costs of a world-encompassing state are high relative to the expected benefits of this arrangement. In particular, recent evidence from international trade under the modern lex mercatoria supports this claim. INTRODUCTION
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