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Capitalism Unleashed: Finance, Globalization, and Welfare

Author

Listed:
  • Glyn, The Late Andrew

    (Formerly of Oxford University)

Abstract

Free enterprise is off the leash and chasing new opportunities for profit making across the globe. After a turbulent century of unprecedented social and technological change, Capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries. But only thirty years ago economic growth was faltering, inflation rising and the Left were arguing for greater state intervention in industry. How did this remarkable transformation happen? And what price have we paid in the process? This accessible and persuasive book challenges the notion of our capitalist destiny. It provides a clear and concise history of the problems facing the economies of Europe, Japan and the US during the latter half of the twentieth century and questions whether capitalism has really brought the levels of economic growth and prosperity that were hoped for. Andrew Glyn then looks at the impact the rapidly developing economies of China and the South are likely to have on the older economies of the North. As the race is on to maintain growth and protect competitive advantage, Glyn asks: is the 'race-to-the bottom' inevitable as the anti-globalisers predict, with welfare states being dismantled to meet competitive demands? Or is there an alternative model which sees a strong commitment to welfare provision as essential to economic growth? Can we afford not to tackle inequality at home as well as abroad?

Suggested Citation

  • Glyn, The Late Andrew, 2007. "Capitalism Unleashed: Finance, Globalization, and Welfare," OUP Catalogue, Oxford University Press, number 9780199226795.
  • Handle: RePEc:oxp:obooks:9780199226795
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    Cited by:

    1. Kindermann, Daniel, 2009. "Why do some countries get CSR sooner, and in greater quantity, than others? The political economy of corporate responsibility and the rise of market liberalism across the OECD: 1977-2007," Discussion Papers, Research Unit: Knowledge, Production Systems and Work SP III 2009-301, WZB Berlin Social Science Center.
    2. Engelbert Stockhammer & Ozlem Onaran, 2013. "Wage-led growth: theory, evidence, policy," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 61-78, January.
    3. Claudio Cantaro, 2022. "L'approccio classico-keynesiano e la teoria del ruolo sociale del consumo (The classical-Keynesian approach and the Theory of the Social Role of Consumption)," Moneta e Credito, Economia civile, vol. 75(299), pages 285-306.
    4. Edward Yates & Ian Clark & William Rossiter, 2021. "Local economic governance strategies in the UK’s post-industrial cities and the challenges of improving local work and employment conditions," Local Economy, London South Bank University, vol. 36(2), pages 115-132, March.
    5. Erik Bengtsson, 2014. "Labour's share in twentieth-century Sweden: a reinterpretation," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 62(3), pages 290-314, November.
    6. PISTOL, Luminiţa & UNGUREANU, Gabriela & UNGUREANU, Adrian & VÂRGĂ, Anca, 2011. "The Route Of Joint Of The Transnational Corporations And Globalization," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 2(3), pages 19-26.
    7. Ben Fine, Heesang Jeon, Gong H. Gimm, 2019. "Value is as Value Does: Twixt Knowledge and the World Economy," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue s1.

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