John Ruggie introduced the concept of embedded liberalism in a 1982
article that has become one of the most frequently cited sources in
the study of international political economy. The concept was
intended to convey the manner by which capitalist countries learned
to combine the efficiency of markets with the broader values of the
community that socially sustainable markets themselves require in
order to survive and thrive. Examining the concept and the
institutionalized practice of embedded liberalism, this collection
provides a survey of the macro patterns in industrialized
countries. Leading scholars combine to demonstrate the benefits of
embedded liberalism in practice as well as its gradual erosion at
national levels, and to analyze public opinion. They provide a
better understanding of what embedded liberalism means, why it
matters and how to reconstitute it in the context of the global
economy. The contributors contextualize the current challenge
historically and theoretically so that students, scholars and
policy makers alike are reminded of what is at stake and what is
required.
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