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The Politics of Economic Adjustment - Pluralism, Corporatism, and Privatization (Hardcover, New)
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The Politics of Economic Adjustment - Pluralism, Corporatism, and Privatization (Hardcover, New)
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Privatization and corporatism along with pluralist forms of
adaptation have received much attention as strategies for coping
with the transformation of mature industrial economics. Yet, the
burgeoning literature on this topic has, until now, lacked an
adequate account of the determinants of a government's choice
between such strategies or of the relationships between these
strategies and the Keynesian economic framework that predominated
in the postwar era. This groundbreaking study bridges these gaps by
considering both the determinants of the choice of an adjustment
strategy and how that choice affects the nature of liberal
democracy. Written by a distinguished group of political
scientists, the essays collected here examine the divergent
responses of liberal capitalist nations to the problem of economic
adjustment, giving special attention to the political factors
affecting strategic choices aimed at bolstering employment,
enhancing international competitiveness, and restoring healthy
productivity rates. The contributors examine in depth the
experiences of the United States, Britain, France, West Germany,
and Italy. They explain how these advanced industrial nations have
faced economic crisis differently and why they have responded as
they have. In each case, the author focuses on whether and at what
level the state has pursued a corporatist approach involving a more
direct government role in managing the economy with the assistance
of private interest groups, a privatization strategy involving less
state intervention and an increased reliance on market processes,
or a form of pluralist adaptation. Throughout, the contributors
demonstrate that the strategy pursued can have a fundamental impact
on the character of democracy and the patterns of policy making.
Students of political science as well as policy makers will find
this book an incisive discussion of the myriad factors influencing
the choice among competing strategies of economic adjustment.
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