Do Globalization, Deregulation and Financialization Imply a Convergence of Contemporary Capitalisms?

Abstract : Distinctive political compromises prevailed and explained various brands of capitalism observed from WWII to the early 1990s. Is this key finding by régulation research been still valid given the wide diffusion of common structural changes since the 2000s: slow productivity in the industrialized world, overwhelming impact of finance, rise of inequalities within many Nation-States in response to deregulation, social and political polarization, open conflict between capitalism and democracy, the trading place between mature and emerging economies? These stylized facts challenge most economic theories but they can be explained by an institutionalist and historical approach that also helps in redesigning a relevant macroeconomic approach. Each capitalism brand displays specific complementarities among institutional forms and their growing interactions imply more their complementarity than their frontal competition. Consequently, all capitalisms have been transformed but they do not converge towards a canonical configuration. The rise of nationalist movements may challenge the present international relations but they should not underestimate the economic and social costs of their protectionist strategy.
Type de document :
Pré-publication, Document de travail
This work has received funding from the European Union’s Horizon 2020 research and innovation pro.. 2018
Liste complète des métadonnées

Littérature citée [12 références]  Voir  Masquer  Télécharger

https://halshs.archives-ouvertes.fr/halshs-01908095
Contributeur : Dora Beaudequin <>
Soumis le : lundi 29 octobre 2018 - 17:57:57
Dernière modification le : jeudi 8 novembre 2018 - 01:12:51

Fichier

INCAS DP SERIES_2018_09.pdf
Fichiers produits par l'(les) auteur(s)

Licence


Distributed under a Creative Commons Paternité - Pas d'utilisation commerciale - Partage selon les Conditions Initiales 4.0 International License

Identifiants

  • HAL Id : halshs-01908095, version 1

Collections

Citation

Robert Boyer. Do Globalization, Deregulation and Financialization Imply a Convergence of Contemporary Capitalisms?. This work has received funding from the European Union’s Horizon 2020 research and innovation pro.. 2018. 〈halshs-01908095〉

Partager