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Capitalisms and Capitalism in the Twenty-First Century (Paperback)
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Capitalisms and Capitalism in the Twenty-First Century (Paperback)
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The early twenty-first century is witnessing both an increasing
internationalization of many markets, firms, and regulatory
institutions, and a reinforcement of the key role of nation states
in managing economic development, financial crises, and market
upheavals in many OECD and developing economies. Drawing on a
variety of interdisciplinary perspectives from leading US and
European scholars, this book analyses how capitalism and national
capitalisms are changing in this context. It focuses on the
economic rise of new countries such as the BRICs, the increasing
influence of regional organizations such as the EU and NAFTA, and
new forms of private and public international regulation. It also
considers how states are adapting their economic policies and
processes in this new environment, and the consequences of these
adaptations for inequality and risk within different societies.
These changes are linked to how firms are developing new strategies
for organizing global value chains and the application of
scientific knowledge to the commercialization of products in
contexts where financial markets are becoming more uncertain and
crisis prone, and where different groups are making new demands for
more effective forms of corporate governance and corporate social
responsibility. Drawing on examples from Europe, North and Latin
America, and Asia, it illustrates the complex ways in which
different forms of national capitalism are adapting and changing
their institutions in response to international financial markets,
the global financial crisis, the development of cross-border value
chains, and expansion of multinational firms.
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