Download e-book for iPad: Internalizing Globalization: The Rise of Neoliberalism and by Susanne Soederberg, Georg Menz, Philip G. Cerny

By Susanne Soederberg, Georg Menz, Philip G. Cerny

ISBN-10: 0230524435

ISBN-13: 9780230524439

ISBN-10: 1403948038

ISBN-13: 9781403948038

This e-book explores how a variety of nations try to focus on the demanding situations of globalization. whereas the internalization of globalization proceeds in considerably other ways, there's a extensive means of convergence occurring round the politics of neoliberalism and a extra market-oriented model of capitalism. The booklet examines how exact social buildings, political cultures, styles of celebration and curiosity team politics, periods, public regulations, liberal democratic and authoritarian associations, and the discourses that body them, are being reshaped via political actors. Chapters conceal nationwide stories from Europe and North the US to Asia and Latin the US (Chile, Mexico, and Peru).

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Additional resources for Internalizing Globalization: The Rise of Neoliberalism and the Decline of National Varieties of Capitalism

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This finance system seemed to offer the best of all worlds: stability and long-term orientation comparable to Japanese keiretsu, while avoiding Georg Menz 37 heavy handed state interventionism as in France or accepting the neglect of SMEs as in the UK. The Hausbanken model is disintegrating. Encouraged by a 1999 change in the tax regulations, permitting tax-free sales of cross-share holdings, major banks are dissociating from their portfolios. In the late 1990s, the three major German banks focused their strategic efforts on lucrative investment banking; while this strategic shift has been partly reversed in light of the stock market decline of the early 2000s, there is little indication that they will be complacent with their historical role of providing ‘patient capital’.

The authors in this book focus on the role and strategies of state and non-state actors, organized interest groups, and civil society groups in advocating, supporting, or seeking to obstruct or impede implementation of neoliberal policies. In the former ‘Third World’, the role of local elites in advocating, lobbying for, implementing, and continuous monitoring of neoliberal policies deserves special mention. Despite the rhetoric, the introduction of so-called ‘turbo-capitalist’ policies in countries like Chile, Peru, or Russia has helped sustain and stabilize quasi-feudal societal structures.

Indeed, in this context, neoliberals are rather divided on one major aspect of this process. Neoliberals in the 1970s and 1980s used to argue that government should stop intervening in the economy more or less entirely. The concept of ‘deregulation’ originally meant just what it said – repealing whatever rules that caused market participants to behave in any other way than their own self-interest and that thereby distorted markets and made them inefficient. Markets would be automatically efficient – the so-called ‘efficient market hypothesis’.

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Internalizing Globalization: The Rise of Neoliberalism and the Decline of National Varieties of Capitalism by Susanne Soederberg, Georg Menz, Philip G. Cerny

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