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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.
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
Contents: General IntroductionBenjamin Coriat, Pascal Petit and Geneviève SchméderPART I: A NEW FINANCE-LED CAPITALISM1. The Future of CapitalismMichel Aglietta2. The Special Position of the United States in the Finance-led Regime: How Exportable is the US Venture Capital Industry?François Chesnais3. Moves Towards Finance-led Capitalism: The French CaseBenjamin CoriatPART II: ALTERNATIVE PERSPECTIVES ON CONTEMPORARY CAPITALISM4. Socio-Institutional Changes in the Post-Fordist EraPascal Petit5. Is the New Economy Made in America?Pascal Petit6. To Have or to Be: A Topological Approach of the Interaction between State and EconomyBruno ThéretPART III: REGIONAL PROCESSES UNDER STRAIN7. The Institutional and Policy Weaknesses of the European Union: The Evolution of the ‘Policy Mix’Robert Boyer8. Disruptive Effects of Financial Deregulation: The Japanese and Korean CrisesBenjamin Coriat and Patrice Geoffron9. Argentina’s Structural CrisisLuis Miotti and Carlos Quenan10. Convergence and Diversity in National Trajectories of Post-Socialist TransformationBernard Chavance and Eric MagninPART IV: GLOBAL TENSIONS11. From the Cold War to the New International DisorderGeneviève Schméder12. Shadow Economy and Economic Criminalisation in Transition EconomiesJacques Sapir13. Global Geography of Post-Fordism: Knowledge and PolarisationEl Mouhoub Mouhoud PART V: CONCLUSION14. Post-Fordisms in a More Globalised CapitalismBenjamin Coriat, Pascal Petit and Geneviève SchméderIndex