Globalization as a challenge for public choice theory

Public choice theory in many ways provides a fruitful economic instrumentar ium to be applied to the phenomena of internalization and globalization. In ternational political economics offers much potential for the analysis of r eal and relevant aspects in international relationships. This paper sketche s out a few selected aspects of the globalization question for which public choice theory could offer a useful explanatory contribution. However, it i s made clear as well, that the concept of globalization presents a substant ial challenge for public choice in that only a limited part of the institut ional change that has accompanied globalization has been explained endogeno usly.