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  1. Home
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  3. Continuity and Change in Contemporary Capitalism
  • Cited by 234
Publisher:
Cambridge University Press
Online publication date:
June 2012
Print publication year:
1999
Online ISBN:
9781139175050
DOI:
https://doi.org/10.1017/CBO9781139175050
Series:
Cambridge Studies in Comparative Politics
Subjects:
Political Economy, Politics and International Relations, Comparative Politics
Information

Book description

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.

Reviews

‘This book is a significant contribution to political economy and will be useful for students of comparative politics.’

Source: The Times Higher Education Supplement

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