Efficiency, Efficient Institutions, and Globalization
Dic Lo
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Dic Lo: University of London
Chapter 3 in Alternatives to Neoliberal Globalization, 2012, pp 37-57 from Palgrave Macmillan
Abstract:
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.
Keywords: Institutional Formation; Collective Rationality; Neoclassical Economic; Unit Labour Cost; Uneven Development (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36116-4_3
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DOI: 10.1057/9780230361164_3
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