Federal systems in the global economy: Research issues

The emerging global economy has altered makeup of federal systems and set the stage for new international institutions. This article identifies key research issues that bear upon the connection between federalism adn globalism. Five specific research questions are considered. The first concerns that impact of global economic change in the sovereignty of national and subnational governments. Second, the effect of the global economy on intergovernmental relations is considered. Next, the question of placement of economic policy responsibilities in a federal system is posed. Finally, the article asks whether federalism eases adaptation to the global economy and protects democratic values.