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Continuity and Change in Contemporary Capitalism (Hardcover, New)
Loot Price: R2,627
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Continuity and Change in Contemporary Capitalism (Hardcover, New)
Series: Cambridge Studies in Comparative Politics
Expected to ship within 12 - 17 working days
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In the early 1980s, many observers, argued that powerful organized
economic interests and social democratic parties created successful
mixed economies promoting economic growth, full employment, and a
modicum of social equality. The present book assembles scholars
with formidable expertise in the study of advanced capitalist
politics and political economy to reexamine this account from the
vantage point of the second half of the 1990s. The authors find
that the conventional wisdom no longer adequately reflects the
political and economic realities. Advanced democracies have
responded in path-dependent fashion to such novel challenges as
technological change, intensifying international competition, new
social conflict, and the erosion of established patterns of
political mobilization. The book rejects, however, the currently
widespread expectation that 'internationalization' makes all
democracies converge on similar political and economic institutions
and power relations. Diversity among capitalist democracies
persists, though in a different fashion than in the 'Golden Age' of
rapid economic growth after World War II.
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