Multilateralism and European Varieties of Capitalism after 1950

Author: Orfeo Fioretos

Publisher: Cornell University Press

ISBN: 9780801461194

Category: Political Science

Page: N.A

View: 7720

Twentieth-century Europe was an intense laboratory of capitalist experimentation. Confronted with economic booms and crises, technological revolutions, and economic globalization, Western Europe's governments constantly explored alternative ways of managing domestic economic systems and international commerce. Bridging comparative and international political economy, Creative Reconstructions compellingly expands our understanding of the historic relationship between varieties of capitalism and international cooperation. Orfeo Fioretos' pathbreaking analysis places multilateral institutions at the center of the study of capitalism. He highlights the role played by governments' multilateral strategies in shaping the national trajectories of capitalism in Great Britain, France, and Germany. Fioretos shows that membership in international organizations such as the European Union and its precursors was an integral innovation in the domestic management of capitalism that came to play a central, if varied, role in shaping the evolution of modern market economies.
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The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall

Publisher: Oxford University Press

ISBN: 0199247749

Category: Business & Economics

Page: 540

View: 704

What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offersnew explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as tomany others with interests in international relations, social policy-making, and the law.
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Author: Ben Clift,Cornelia Woll

Publisher: Routledge

ISBN: 1317981383

Category: Political Science

Page: 160

View: 8075

The recent financial crisis has demonstrated that governments continuously seek to steer their economies rather than leaving them to free markets. Despite the ambitions of international economic cooperation, such interventionism is decidedly local. Some politicians even proudly evoke "economic patriotism" to justify their choices. This volume links such populism to a specific set of tensions – the paradox of neo-liberal democracy – and argues that the phenomenon is ubiquitous. The mandate of politicians is to defend the economic interests of their constituents under conditions where large parts of economic governance are no longer exclusively within their control. Economic patriotism is one possible reaction to this tension. As old-style industrial policy and interventionism gained a bad reputation, governments had to become creative to assure traditional economic policy objectives with new means. However, economic patriotism is more than just a fashionable word or a fig leaf for protectionism. This volume employs the term to signal two distinctions: the diversity of policy content and the multiplicity of territorial units it can refer to. Comparing economic interventionism across countries and sectors, it becomes clear that economic liberalism will always be accompanied by counter-movements that appeal to territorial images. This book was published as a special issue of the Journal of European Public Policy.
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Author: Andreas Nölke,Christian May

Publisher: Edward Elgar Publishing

ISBN: 1785362534

Category: Business & Economics

Page: N.A

View: 5788

Over the past few decades, corporations have been neglected in studies of international political economy (IPE). Seeking to demystify them, what they are, how they behave and their goals and constraints, this Handbook introduces the corporation as a unit of analysis for students of IPE. Providing critical discussion of their global and domestic power, and highlighting the ways in which corporations interact with each other and with their socio-political environment, this Handbook presents a thorough and up-to-date overview of the main debates around the role of corporations in the global political economy.
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Author: Adam Sheingate

Publisher: Oxford University Press

ISBN: 0199662819

Category:

Page: 584

View: 2510

Historical institutionalism has deep roots in Political Science and related fields, and crystalized into a distinct research tradition during the 'new institutionalisms' debate that began in the late 1980s. It has since established strong footholds in four large subfields of Political Science: comparative, American, European, and international politics. The present volume is the first to take stock of the tradition's contributions across multiple areas of study,and includes chapters by many of its most prominent practitioners. As the world again grapples with how to understand the short- and long-term consequences of economic crises, revolutions, and newpatterns of governance, historical institutionalism is poised to offer valuable insights into how past events and decisions will shape political trajectories at local, national, and international levels.
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Author: Adam Sheingate

Publisher: Oxford University Press

ISBN: 0199662819

Category:

Page: 584

View: 2702

Historical institutionalism has deep roots in Political Science and related fields, and crystalized into a distinct research tradition during the 'new institutionalisms' debate that began in the late 1980s. It has since established strong footholds in four large subfields of Political Science: comparative, American, European, and international politics. The present volume is the first to take stock of the tradition's contributions across multiple areas of study,and includes chapters by many of its most prominent practitioners. As the world again grapples with how to understand the short- and long-term consequences of economic crises, revolutions, and newpatterns of governance, historical institutionalism is poised to offer valuable insights into how past events and decisions will shape political trajectories at local, national, and international levels.
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The Rhetoric of Reform and Regulation

Author: Wyn Grant,Graham K. Wilson

Publisher: Oxford University Press

ISBN: 0199641986

Category: Business & Economics

Page: 272

View: 5440

Systematically exploring the consequences of the global financial crisis, this text focuses primarily on the impact on policy and politics. It asks how governments responded to the challenges that the crisis has posed, and the policy and political impact of the combination of both the crisis itself and these responses.
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Author: Orfeo Fioretos

Publisher: Oxford University Press

ISBN: 0198744021

Category:

Page: 368

View: 9210

International Politics and Institutions in Time is the definitive exploration, by a group of leading international relations scholars, of the contribution of the historical institutionalism tradition for the study of international politics.Historical institutionalism is a counterpoint to the rational choice and sociological traditions of analysis in the study of international institutions, bringing particular attention to how timing and sequence of pastevents, path dependence, and other processes impact distributions of global power, policy choices, and the outcome of international political battles.
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Author: Adrian Wilkinson,Geoffrey Wood,Richard Deeg

Publisher: OUP Oxford

ISBN: 0191651494

Category: Business & Economics

Page: 760

View: 9752

There have been numerous accounts exploring the relationship between institutions and firm practices. However, much of this literature tends to be located into distinct theoretical-traditional 'silos', such as national business systems, social systems of production, regulation theory, or varieties of capitalism, with limited dialogue between different approaches to enhance understanding of institutional effects. Again, evaluations of the relationship between institutions and employment relations have tended to be of the broad-brushstroke nature, often founded on macro-data, and with only limited attention being accorded to internal diversity and details of actual practice. The Handbook aims to fill this gap by bringing together an assembly of comprehensive and high quality chapters to enable understanding of changes in employment relations since the early 1970s. Theoretically-based chapters attempt to link varieties of capitalism, business systems, and different modes of regulation to the specific practice of employment relations, and offer a truly comparative treatment of the subject, providing frameworks and empirical evidence for understanding trends in employment relations in different parts of the world. Most notably, the Handbook seeks to incorporate at a theoretical level regulationist accounts and recent work that link bounded internal systemic diversity with change, and, at an applied level, a greater emphasis on recent applied evidence, specifically dealing with the employment contract, its implementation, and related questions of work organization. It will be useful to academics and students of industrial relations, political economy, and management.
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The World Bank's Experience

Author: Verena Fritz,Brian Levy,Rachel Ort

Publisher: World Bank Publications

ISBN: 1464801223

Category: Business & Economics

Page: 286

View: 5631

This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.
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The Politics of Varying Market Reforms

Author: Jane R. Gingrich

Publisher: Cambridge University Press

ISBN: 1139499181

Category: Political Science

Page: N.A

View: 2866

Over the past three decades, market reforms have transformed public services such as education, health, and care of the elderly. Whereas previous studies present markets as having similar and largely non-political effects, this book shows that political parties structure markets in diverse ways to achieve distinct political aims. Left-wing attempts to sustain the legitimacy of the welfare state are compared with right-wing wishes to limit the state and empower the private sector. Examining a broad range of countries, time periods, and policy areas, Jane R. Gingrich helps readers make sense of the complexity of market reforms in the industrialized world. The use of innovative multi-case studies and in-depth interviews with senior European policymakers enriches the debate and brings clarity to this multifaceted topic. Scholars and students working on the policymaking process in this central area will be interested in this new conceptualization of market reform.
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Bank Bailouts in Comparison

Author: Cornelia Woll

Publisher: Cornell University Press

ISBN: 0801471141

Category: Business & Economics

Page: 200

View: 8692

Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm’s length. Such differences are often ascribed to one of two conditions: either the state is strong and can impose terms, or the state is weak and corrupted by industry lobbying. Woll presents a third option, where the inaction of the financial sector critically shapes the design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those settings where they could avoid a joint response and force national policymakers to deal with banks on a piecemeal basis. The power to remain collectively inactive, she argues, has had important consequences for bailout arrangements and ultimately affected how the public and private sectors have shared the cost burden of these massive policy decisions.
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Author: Vivien A. Schmidt,Mark Thatcher

Publisher: Cambridge University Press

ISBN: 1107435692

Category: Political Science

Page: 448

View: 4852

Why have neo-liberal economic ideas been so resilient since the 1980s, despite major intellectual challenges, crippling financial and political crises, and failure to deliver on their promises? Why do they repeatedly return, not only to survive but to thrive? This groundbreaking book proposes five lines of analysis to explain the dynamics of both continuity and change in neo-liberal ideas: the flexibility of neo-liberalism's core principles; the gaps between neo-liberal rhetoric and reality; the strength of neo-liberal discourse in debates; the power of interests in the strategic use of ideas; and the force of institutions in the embedding of neo-liberal ideas. The book's highly distinguished group of authors shows how these possible explanations apply across the most important domains - fiscal policy, the role of the state, welfare and labour markets, regulation of competition and financial markets, management of the Euro, and corporate governance - in the European Union and across European countries.
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Asian-European Relations in a Global Context

Author: Sebastian Bersick,W. A. L. Stokhof,Paul Velde van der,Benedikt Seemann

Publisher: Amsterdam University Press

ISBN: 9053569294

Category: Political Science

Page: 192

View: 1628

The sovereign power of the nation-state has been steadily eroding for decades under the pressure of multilateral organizations such as the United Nations and multiregional organizations such as the European Union. The increasing prominence of non-governmental organizations such as Greenpeace and Human Rights Watch in times of crisis has also contributed, since the problems such groups address often extend beyond national borders and are thus difficult for national governments to manage alone. Multiregionalism and Multilateralism investigates these forces as they factor into political and economic relations between Asia and Europe.
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Legitimacy, Governance, and Reform

Author: Kemal Derviş

Publisher: Ctr for Global Development

ISBN: 9780815717638

Category: Business & Economics

Page: 301

View: 2970

"Discusses the two broad dimensions of the globalization debate--economic, including finance, trade, poverty, and health; and political, covering security, the fight against terrorism, and the role of international institutions--and the significance of democratic consent in the twenty-first century"--Provided by publisher.
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Its Origins and Evolution as a System of Governance

Author: Bruce R. Scott

Publisher: Springer Science & Business Media

ISBN: 9781461418795

Category: Business & Economics

Page: 672

View: 4112

Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on indirect governance through regulated competition to coordinate actors; inevitably, these systems influence and transform each other. This book rejects the simple equation of capitalism with markets in favor of a three-level system, a model which recognizes that markets are administered by regulators through institutions and governed by a political authority with the power to regulate behavior, punish transgressors, and redesign institutions. This system's emergence required the sovereign to relinquish some power in order to release the energies of economic actors. Rather than spreading through an unguided natural process like trade, capitalism emerged where competitive pressures forced political authorities to take risks in order to achieve increased revenues by permitting markets for land, labor, and capital.
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Uncertainty and new visions in political economy

Author: S. McBride,L. Dobuzinskis,Marjorie Griffin Cohen,J. Busumtwi-Sam

Publisher: Springer Science & Business Media

ISBN: 9401002517

Category: Political Science

Page: 239

View: 9691

Global Instability: Uncertainty and New Visions in Political Economy presents a series of papers that address the political consequences of globalization for states and their populations, while exploring the issue of alternatives to the model of globalization we are presently experiencing. The focus moves from the world of international agreements to the national and sub-national dilemmas that are posed by attempting to manage a set of global developments within a given territory. The initial chapter, by Daniel Drache, explores a still-born post-war international organization, the International Trade Organization, that offers a different vision of how a globally integrated economy might operate. A number of papers then explore the challenges posed by today's globalization, including currency instability in an environment of financial deregulation, the rights conferred on investors by the North American Free Trade Agreement, and the progressive liberalization of trade in services built into the General Agreement on Trade in Services.
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Neoliberal Hegemony and Transformation in Europe

Author: Alan W. Cafruny,Magnus Ryner

Publisher: Rowman & Littlefield

ISBN: 9780742511422

Category: Political Science

Page: 325

View: 6310

Arguing convincingly that mainstream theory lacks the tools to adequately explain European integration, this challenging book draws upon critical political economic theory to develop a more comprehensive and consistent analysis of the processes of integration. Although not claiming that states have ceded their role as "masters of the treaties," the contributors develop innovative case studies of national and transnational processes to illustrate the salience of trans-European business networks and the primacy of neoliberalism as central organizing concepts of the post-Maastricht European project.
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The Political Economy of Natural Resource-Led Development

Author: Naazneen Barma,Kai Kaiser,Tuan Minh Le,Lorena Viñuela

Publisher: World Bank Publications

ISBN: 0821387162

Category: Business & Economics

Page: 298

View: 2471

This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.
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Author: E. Pang

Publisher: Springer

ISBN: 140391852X

Category: Political Science

Page: 251

View: 1140

This book is about how the three most important countries in South America have responded to the challenges of globalization since the mid-1960s, the first OPEC price hike, the Third World debt crisis leading to the 'lost-decade' for the continent, and finally bold, but often ill-planned, neo-liberal reforms of the 1990s. Latin America will experience another cycle of structural changes in the coming decades, as the reforms of the 1980s and 1990s failed to produce the desired effects; social justice, fair income distribution, sustainable growth, and consolidation of democracy.
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