The Hardship of Nations

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The Hardship of Nations

Exploring the Paths of Modern Capitalism

9781845427054 Edward Elgar Publishing
Edited by Benjamin Coriat, Professor of Economics, Université Paris 13, Pascal Petit, Emeritus Professor, Université Paris Nord and Geneviève Schméder, Professor, Conservatoire National des Arts et Métiers and Fondation Nationale des Sciences Politiques, Paris, France
Publication Date: 2006 ISBN: 978 1 84542 705 4 Extent: 360 pp
After more than two decades of widespread hardship for most nations, what are the different paths available for them to resume steady growth and welfare? Will they actually succeed in building new growth models that meet the challenges of the present phase of internationalisation? This book attempts to answer these questions by analysing different perspectives and discussing the conditions for new national growth trajectories to emerge.

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After more than two decades of widespread hardship for most nations, what are the different paths available for them to resume steady growth and welfare? Will they actually succeed in building new growth models that meet the challenges of the present phase of internationalisation? This book attempts to answer these questions by analysing different perspectives and discussing the conditions for new national growth trajectories to emerge.

The book provides conceptual tools for characterising alternative growth regimes by analysing their institutional backgrounds and political context. Unlike standard convergence theories, the authors argue that the diversity of capitalism is likely to persist as national economies adapt to the forces of globalisation. Still these national paths remain strongly conditioned by the kind of governance set up at both regional and fully international levels.

The Hardship of Nations will be of great interest to undergraduates and graduates in the social sciences – economics, political sciences, sociology, geography and management – who require an overview of the debates on growth of national economies in the present stage of globalisation.
Contributors
Contributors: M. Aglietta, R. Boyer, B. Chavance, F. Chesnais, B. Coriat, P. Geoffron, E. Magnin, L. Miotti, E.M. Mouhoud, P. Petit, C. Quenan, J. Sapir, G. Schméder, B. Théret
Contents
Contents:

General Introduction
Benjamin Coriat, Pascal Petit and Geneviève Schméder

PART I: A NEW FINANCE-LED CAPITALISM
1. The Future of Capitalism
Michel Aglietta

2. The Special Position of the United States in the Finance-led Regime: How Exportable is the US Venture Capital Industry?
François Chesnais

3. Moves Towards Finance-led Capitalism: The French Case
Benjamin Coriat

PART II: ALTERNATIVE PERSPECTIVES ON CONTEMPORARY CAPITALISM
4. Socio-Institutional Changes in the Post-Fordist Era
Pascal Petit

5. Is the New Economy Made in America?
Pascal Petit

6. To Have or to Be: A Topological Approach of the Interaction between State and Economy
Bruno Théret

PART III: REGIONAL PROCESSES UNDER STRAIN
7. The Institutional and Policy Weaknesses of the European Union: The Evolution of the ‘Policy Mix’
Robert Boyer

8. Disruptive Effects of Financial Deregulation: The Japanese and Korean Crises
Benjamin Coriat and Patrice Geoffron

9. Argentina’s Structural Crisis
Luis Miotti and Carlos Quenan

10. Convergence and Diversity in National Trajectories of Post-Socialist Transformation
Bernard Chavance and Eric Magnin

PART IV: GLOBAL TENSIONS
11. From the Cold War to the New International Disorder
Geneviève Schméder

12. Shadow Economy and Economic Criminalisation in Transition Economies
Jacques Sapir

13. Global Geography of Post-Fordism: Knowledge and Polarisation
El Mouhoub Mouhoud

PART V: CONCLUSION
14. Post-Fordisms in a More Globalised Capitalism
Benjamin Coriat, Pascal Petit and Geneviève Schméder

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