Chapter

Coming of Age

Gurucharan Gollerkeri and Natasha Chhabra

in Migration Matters

Published in print July 2016 | ISBN: 9780199464807
Published online October 2016 | e-ISBN: 9780199087280 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780199464807.003.0005
Coming of Age

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There is an underlying conflict between the idea of the ‘nation state’ and the demands of globalization. The ‘Bretton Woods’ institutions sought to strengthen the states through a grand international system. Yet, by 1976, in less than three decades this effort had been all but abandoned with the world embracing the ‘neo-liberal’ doctrine of liberalization, privatization, and deregulation. Is ‘global governance’ at all possible in a manner that can serve the interests of the ‘globe’ (and not just parts of it)? Polanyi’s theory of ‘embeddedness’ argues that a ‘self-regulating market’ is a Utopian endeavour. If we envisage that migration responds to the forces of the market (from regions of surplus labour to regions with labour shortages and skill gaps) then will we not need a body to govern this kind of trans-national mobility to ensure that it is a positive sum game?

Keywords: nation state; Bretton Woods; neo-liberalism; Polanyi; markets; global governance; liberalization; privatization; deregulation; Washington Consensus

Chapter.  5121 words. 

Subjects: Migration Studies ; Population and Demography

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