Does Globalization Require Global Government?

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. This analysis suggests that the expected costs of a world-encompassing state are high relative to the expected benefits of this arrangement.

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.  This 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.

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