In addition to resisting the temptation to rely on anecdotal evidence, analyses of globalisation’s impact on policy making must draw specific causal linkages. Eco- nomic globalisation is a multifaceted concept. Some nations have high levels of trade openness, but lower levels of capital market openness; high trade openness may present governments with one set of pressures, while high capital market openness may expose them to a different and perhaps contradictory set of