Continuity and Change in Contemporary Capitalism

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In the early 1980s, many observers, including authors and editors of this book, argued that powerful organized economic interests and social democratic parties created successful mixed economies promoting economic growth, full employment, and a modicum of social equality. The present book reexamines this argument from the vantage point of the second half of the 1990s, finding that the conventional wisdom no longer adequately reflects political and economic realities. Advanced democracies have responded in path-dependent fashion to such novel challenges as technological change, intensifying international competition, new social conflict, and the erosion of established patterns of political mobilization. Nevertheless, the book rejects the currently widespread expectation that "internationalization" makes all democracies converge on similar political and economic institutions and power relations. Diversity among capitalist democracies persists, though in a different fashion than in the "golden age" of rapid economic growth after World War II.
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Editorial Reviews

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"This book represents an intellectual tour de force in the field of comparative political economy, and brings together several distinguished scholars to analyze and update the transformation of advanced capitalist democracies in the 1990s. I strongly recommend it for graduate and advanced undergraduate courses on the political economy of advanced capitalist democracies." Shah Tarzi, ECSA Review
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Product Details

Table of Contents

List of Contributors
Introduction 1
Pt. I The International Setting for Political-Economic Strategies
1 The Global Economy, Post-Fordism, and Trade Policy in Advanced Capitalist States 11
2 The Internationalization of Capital 36
3 The Making of a Polity: The Struggle over European Integration 70
Pt. II The Dynamics of Domestic Political Economies
4 Divergent Production Regimes: Coordinated and Uncoordinated Market Economies in the 1980s and 1990s 101
5 The Political Economy of Europe in an Era of Interdependence 135
6 The Welfare State in Hard Times 164
7 Postwar Trade-Union Organization and Industrial Relations in Twelve Countries 194
8 Social Democratic Labor Market Institutions: A Retrospective Analysis 231
9 The Declining Significance of Male Workers: Trade-Union Responses to Changing Labor Markets 261
Pt. III Political Economy and Democratic Competition
10 Politics without Class: Postindustrial Cleavages in Europe and America 293
11 European Social Democracy between Political Economy and Electoral Competition 317
12 Contemporary Christian Democracy and the Demise of the Politics of Mediation 346
13 The Political Economy of Neoliberalism: Britain and the United States in the 1980s 371
14 Movements of the Left, Movements of the Right: Putting the Mobilization of Two New Types of Social Movements into Political Context 398
Pt. IV Conclusion
15 Convergence and Divergence in Advanced Capitalist Democracies 427
References 461
Index 511
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