Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.

The Future of Global Capitalism; or, Will Divergence Persist Forever?

The Future of Global Capitalism; or, Will Divergence Persist Forever?

The future of global capitalism; or, will divergence persist forever?
SusanStrange

As an international political economist, I am more interested in the pace and direction of change in the whole world market economy than in the pace and direction of change in particular parts of it contained within the rather arbitrary territorial borders of states. I therefore lack sympathy with the preoccupation of comparative political scientists and the ‘new institutionalists’ with questions such as those posed by the editors of this volume: which of the many diverse forms of capitalism are more likely to ‘succeed’ in competition with others and why; and what national institutional and other factors would affect the outcome of the competition between states ...

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