Globalization and the New Politics of Embedded Liberalism

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions
Cover of the book Globalization and the New Politics of Embedded Liberalism by Jude C. Hays, Oxford University Press
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Author: Jude C. Hays ISBN: 9780199888009
Publisher: Oxford University Press Publication: August 27, 2009
Imprint: Oxford University Press Language: English
Author: Jude C. Hays
ISBN: 9780199888009
Publisher: Oxford University Press
Publication: August 27, 2009
Imprint: Oxford University Press
Language: English

As the world economy slides into the worst recession since the 1930s, there is fear that hard times will ignite a backlash against free trade policies and globalization more generally. This book explores the political and economic institutional foundations of the bargain of embedded liberalism and the ways domestic institutions shape how governments redistribute the risks and benefits of economic globalization. The author identifies the Anglo-American democracies, because of their majoritarian polities combined with decentralized, competitive economies, as uniquely vulnerable to the contemporary challenges of globalization and the most susceptible to a backlash against it.

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As the world economy slides into the worst recession since the 1930s, there is fear that hard times will ignite a backlash against free trade policies and globalization more generally. This book explores the political and economic institutional foundations of the bargain of embedded liberalism and the ways domestic institutions shape how governments redistribute the risks and benefits of economic globalization. The author identifies the Anglo-American democracies, because of their majoritarian polities combined with decentralized, competitive economies, as uniquely vulnerable to the contemporary challenges of globalization and the most susceptible to a backlash against it.

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