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  1. Home
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  3. Partisan Politics in the Global Economy
  • Cited by 836
Publisher:
Cambridge University Press
Online publication date:
January 2010
Print publication year:
1998
Online ISBN:
9780511625633
DOI:
https://doi.org/10.1017/CBO9780511625633
Series:
Cambridge Studies in Comparative Politics
Subjects:
Twentieth Century British History, History, Politics and International Relations, Comparative Politics
Information

Book description

Geoffrey Garrett challenges the conventional wisdom about the domestic effects of the globalization of markets in the industrial democracies: the erosion of national autonomy and the demise of leftist alternatives to the free market. He demonstrates that globalization has strengthened the relationship between the political power of the left and organized labour and economic policies that reduce market-generated inequalities of risk and wealth. Moreover, macroeconomic outcomes in the era of global markets have been as good or better in strong left-labour regimes ('social democratic corporatism') as in other industrial countries. Pessimistic visions of the inexorable dominance of capital over labour or radical autarkic and nationalist backlashes against markets are significantly overstated. Electoral politics have not been dwarfed by market dynamics as social forces. Globalized markets have not rendered immutable the efficiency-equality trade-off.

Reviews

‘… an impassioned and crystal clear call to defend the possibility of politics. As such, it deserves to be widely read and welcomed.’

Source: Political Studies

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