Capitalism Unleashed
Finance, Globalization, and Welfare
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Product details:
- Publisher Oxford University Press
- Date of Publication 23 March 2006
- ISBN 9780199291991
- Binding Hardback
- No. of pages256 pages
- Size 234x156x19 mm
- Weight 515 g
- Language English
- Illustrations Numerous tables and figures 0
Categories
Short description:
Free enterprise is off the leash and chasing new opportunities for profit making across the globe. This book challenges the notion of our capitalist destiny. Focusing on the recent history of the industrialized economies, Andrew Glyn questions whether capitalism really has brought the levels of economic growth and prosperity that were hoped for.
MoreLong description:
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?
This is by far the best economic history of how capitalism developed since the end of World War II and in particular since the 1970s oil shock. It is full of valuable information and should be required reading for students, as it tells clearly the issues and problems that motivate current economic research and debate.
Table of Contents:
Challenges to Capitalism
Austerity, Privatization, and Deregulation
Finance and Ownership
Globalization and International Economic Relations
Labour's Retreats
Growth and Stability
Welfare and Income Inequality
