Abstract: | The emerging global economy has altered makeup of federal systemsand set the stage for new international institutions. This articleidentifies key research issues that bear upon the connectionbetween federalism and globalism. Five specific research questions are considered. The first concernsthe impact of global economic change on the sovereignty of nationaland subnalional governments. Second, the effect of the globaleconomy on intergovernmental relations is considered. Next,the question of placement of economic policy responsibilitiesin a federal system is posed. Finally, the article asks whetherfederalism eases adaptation to the global economy and protectsdemocratic values. |