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Structuring the Transnational Space: Can Europe Resist Multinational Capital?

In: Multinationals, Institutions and the Construction of Transnational Practices

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  • Richard Hyman

Abstract

In this contribution I focus on some tensions between ‘globalization’ (as we all know, an imprecise and contested concept) and established mechanisms of employment regulation at national level. To this end I draw on a number of recent explorations in the comparative political economy of capitalism, and apply these to the specific arena of the European Union (EU). I first offer a broad-brush account of the conflict between neoliberal globalization and the established regulatory processes of ‘social Europe’, and discuss in particular the role of multi-national capital in challenging nationally-specific ‘post-war compromises’ between governments, trade unions and employers. Next I link this to the advance of a new ‘Brussels consensus’ driven by the overarching priority of competitiveness and a shift to ‘social Europe lite’. After this I ask whether ‘embedded liberalization’, to borrow from Ruggie (1982), is an option for Europe; and finally, I explore other alternatives for resistance.

Suggested Citation

  • Richard Hyman, 2006. "Structuring the Transnational Space: Can Europe Resist Multinational Capital?," Palgrave Macmillan Books, in: Anthony Ferner & Javier Quintanilla & Carlos Sánchez-Runde (ed.), Multinationals, Institutions and the Construction of Transnational Practices, chapter 10, pages 239-255, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50230-7_10
    DOI: 10.1057/9780230502307_10
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    Cited by:

    1. Höpner, Martin & Schäfer, Armin, 2007. "A New Phase of European Integration: Organized Capitalisms in Post-Ricardian Europe," MPIfG Discussion Paper 07/4, Max Planck Institute for the Study of Societies.

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