Growth and Development in the Global Political Economy
Recent institutional changes have seen the increasing dominance of globalization and neoliberalism in the world economy. As markets have been deregulated, privatization and unproductive government spending have been promoted. Yet the greater volatility of capitals, the emergence of many financial crises, a decline in trust, and environmental problems have cast doubt on the effectiveness of neoliberal globalization.
This book studies the impact of neoliberal globalization on growth and development in the world economy. It scrutinizes whether new social structures of accumulation or modes of regulation have emerged to promote long-term socioeconomic performance in the global economy during the early years of the twenty-first century. Special reference is given to the specific performance of neoliberal governance; transnational corporations; global institutions of money, trade and production; international relations of war and terrorism; financial institutions; and the family-community environment.
It is a comprehensive analysis of the degree to which institutional development has managed to promote socioeconomic performance in the global economy. It also presents a thorough policy program of action for long wave upswing in the world economy. It will be especially useful for those scholars and students concerned with issues of governance, global political economy, institutions and macroeconomics
Phillip Anthony O’Hara is Professor of Global Political Economy and Governance and Director of the Global Political Economy Research Unit, at Curtin University, Perth, Australia. He won the European Association for Evolutionary Political Economy ‘2002 Gunnar Myrdal Prize’ for Marx, Veblen and Contemporary Institutional Political Economy (Elgar 2000); is the editor of Global Political Economy and the Wealth of Nations (Routledge, 2004) as well as the Encyclopedia of Political Economy (2001, Routledge, paper edition). He is the author of over 60 articles in scholarly journals and edited books, such as the Review of International Political Economy, Review of Radical Political Economics, Journal of Economic Issues, Review of Social Economy, and European Journal of the History of Economic Thought.