In the wake of the outbreak of the global crisis in 2008, many
observers expected the state to assume command over a faltering
neoliberal finance-led model of capitalism. We now know that this
expectation was by and large mistaken. There is indeed an ongoing
re-calibration of the state-capital relations, but in many
instances the state has become more actively and more deeply
involved in extending the reach of markets rather than in
constraining markets in the interests of an equitable response to
the crisis. This volume offers both theoretical perspectives and
empirical studies by a selection of leading Critical International
Political Economy scholars on the question how and to what extent
we are witnessing a return of the state and a transition towards a
new phase of global capitalism. The chapters cover a wide array of
topics: from the rise of China and other emerging economies of the
Global South, the role of state-owned enterprises such as Sovereign
Wealth Funds and National Oil Companies and global environmental
politics, to the role of labour in Europe and US grand strategy /
foreign policy making in the post-Cold War period. This book was
published as a special issue of Globalizations.
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