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29 New Persp. Q. 2 (2012)

handle is hein.journals/nwpsp29 and id is 1 raw text is: NPQ's New Focus: Globalization 2.0 Since NPQwas founded in 1985, the world has gone through two major transitions and is now going through a third. First came the end of the Cold War, then American- led Globalization 1.o and now Globalization 2.o, which is characterized by the inter- dependence of plural identities. This new era will be the editorial theme of NPQin the coming years. As the emerging economies from Turkey to China claim a larger share of global income, production and cultural influence we will focus on their role in shaping the next world order. We will focus on where their interests converge with the fading power of the West and where their renewed cultural founda- C O M M E N T tions take them in a different direction. We will also dwell on how the participatory power of social networks affects all polit- ical systems and whether its bottom-up ideology can be integrated with the impera- tives of global governance. The central conundrum today is how institutions on a global scale that must man- age the systemic links of interdependence (through provision of global public goods such as open trade, a monetary reserve system, security and combating climate change) can be invested with legitimacy by a restive public clamoring from the bottom up for a say in the rules that govern their lives. If legitimacy is a function of local proximity, as Pascal Lamy has said, how do we square the challenge of making the distant G-2o the trusted mechanism of adjustment of the world power shift with the now regular eruptions of grass-roots discontent of the Occupy Wall St. movement, the Arab youth in Tahrir Square, the indignados in Madrid, the Moscow populist bloggers or the angry villagers in Wukan or Haimen in China's southern Guondong province? Is it possible to further empower both the top and the bottom levels of governance through some combination of devolving, involv- ing and decision-division? In the urban planet of the 21 st Century, will networks or leagues of city-state-like arrangements once again become the locus of a modus vivendi that reconciles the global and the local? While Globalization i.o and the rapid technological advance of the last three decades spread the wealth to emerging economies, it didn't distribute it very fairly either there or in the advanced countries. The inequality gap has grown into a Dickensian chasm in both the United States and China. The old categories of first and 2 I' * WINTER 2012

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