The Levels of Regulation—National, Regional, Supranational and Global

Robert Boyer ()
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Robert Boyer: EHESS, Ecole des Hautes Etudes en Sciences Sociale et Institut des Amériquesstitut des Amériques

Chapter Chapter 10 in Political Economy of Capitalisms, 2022, pp 261-305 from Springer

Abstract: Abstract The nation-State has been the territory of Fordism, i.e., the mode of development of the golden age in the United States. The progressive opening to foreign competition and still more the diffusion of modern financial instruments have drastically altered the levels of regulation. Some adjustments operate at the sector or local levels, others emerge at the supranational level with regional economic and monetary integration and some important markets are global. Such complex interdependences are polarized around a hierarchy among finance-led regimes, innovation and export-led ones and pure rentier regimes. This is an alternative to globalization and regulation theory stresses how difficult are national strategies facing the uncertainty and volatility of international relations away from the Bretton Woods accord.

Keywords: Spatial hierarchy; Institutional hierarchy; Domination of finance; Rentier regimes; European integration; International regime; Alternative to globalization (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3536-7_10

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DOI: 10.1007/978-981-19-3536-7_10

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