Tuesday, June 25, 2013
C0.17 (Oudemanhuispoort)
This paper summarizes the findings of Part III of the volume. The presentation at the conference will focus on state transformation in the four types of political economies. As outlined in the abstracts below, these political economies were highly distinctive in the Golden Age of postwar capitalism. In the course of the last twenty five years of the 20th century, they converged in terms of macro economic management. The motive force behind this convergence was “globalization,” primarily the decontrol of international capital flows, the exponential increase in international capital movements, and the multinationalization of production. Monetary and fiscal policy became more conservative by Golden Age standards and all of the countries deregulated their economies and privatized state enterprises. By contrast, social policy was much more path dependent; the differences between the welfare state regimes have been remarkably stable.
