The document discusses the global interstate system and the effects of globalization. It defines key terms like state, interstate, and economic sovereignty. It also examines the rise of neoliberalism and how it prioritizes market exchanges. Globalization impacts local governments by influencing policies, affecting jobs and property values. While international agreements like the Montreal Protocol show cooperation is possible, local governments face dilemmas balancing economic and social concerns with pressures from powerful corporations. A global network of states and non-state actors now governs issues that transcend national borders, including organizations like the UN, World Bank, IMF, and WTO.