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Partisan Politics in the Global Economy

Partisan Politics in the Global Economy by Geoffrey Garrett
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Geoffrey Garrett challenges the conventional wisdom about the domestic effects of the globalization of markets in the industrial democracies: the erosion of national autonomy and the demise of leftist alternatives to the free market. He demonstrates that globalization has strengthened the relationship between the political power of the left and organized labour and economic policies that reduce market-generated inequalities of risk and wealth. Moreover, macroeconomic outcomes in the era of global markets have been as good or better in strong left-labour regimes ('social democratic corporatism') as in other industrial countries. Pessimistic visions of the inexorable dominance of capital over labour or radical autarkic and nationalist backlashes against markets are significantly overstated. Electoral politics have not been dwarfed by market dynamics as social forces. Globalized markets have not rendered immutable the efficiency-equality trade-off.
Cambridge University Press; March 1998
203 pages; ISBN 9780511882920
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Title: Partisan Politics in the Global Economy
Author: Geoffrey Garrett
 
ISBNs
0511882920
9780511882920
9780521441544