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Efficiency, Efficient Institutions, and Globalization

In: Alternatives to Neoliberal Globalization

Author

Listed:
  • Dic Lo

    (University of London)

Abstract

Does globalization entail a demand for uniformity, or diversity, of the (political) economic institutions of nation-states? This is the question that has loomed large in the policy debate on the different approaches to the transformation of the Soviet-type economic system. It has also been central to the discussion over how far the prevailing Anglo-Saxon economic model is representative of capitalism, particularly when compared with the ‘continental European model’ and the ‘East Asian model’ — and particularly since the 2007–8 financial crisis that engulfed most of the advanced capitalist economies. In short, the question has been hanging over the project of neoliberal globalization.

Suggested Citation

  • Dic Lo, 2012. "Efficiency, Efficient Institutions, and Globalization," Palgrave Macmillan Books, in: Alternatives to Neoliberal Globalization, chapter 3, pages 37-57, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36116-4_3
    DOI: 10.1057/9780230361164_3
    as

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