Globalization and the Changing Logic of Collective Action by Philip Cerny - Article Example

In other words, the article has sought to assess the impact of globalization on the enhanced differentiation of products and the asset structures of states. In doing so, the consequences of the notion of collective action have been studied thoroughly. Apart from discussing the political economies of scale in terms of assets and products, the article also tracks its historical evolution wherein the globalization of finance and the regulation, promotion, and political control of institutional capacities have been discussed in detail.

Further, the article also provides a good insight into the ongoing problems with globalization and the manner in which consecutive industrial revolutions have evolved towards creating a convergence between the political and economic structures of states. The latter parts of the article elaborate on the importance of public goods and the collective action of the state in this regard. In the end, the author contends that future production cycles will be significantly influenced by global factors and trends.

Further, any developments in the economy will be characterized by the production and exchange of public goods as well as specific assets across all levels, whereby the authority of nations in this regard will gradually be eroded given the rather transnational or globalized structures of production and distribution.