The new regional economies: the U.S. common market and the global economy - 2

The politics and economics of the United States are wedded in the political economy of the nation state and the nationalist economic policies.

This `nationalist paradigm' is, however, showing the following signs of fatigue: the role of the nation state is diminishing as the economy globalizes; US national accounting systems are less effective, technology forces change; trading blocs are emerging; there is less control of exchange rates; regional economies are restructuring; and competitive environments are changing.

This book proposes that political jurisdictions are not economies but polities, and explores the complex and important economic implications of this thesis.