Capitalisms and Capitalism in the Twenty-First Century

Paperback | July 18, 2014

EditorGlenn Morgan, Richard Whitley

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The early twenty-first century is witnessing both an increasing internationalization of many markets, firms, and regulatory institutions, and a reinforcement of the key role of nation states in managing economic development, financial crises, and market upheavals in many OECD and developingeconomies. Drawing on a variety of interdisciplinary perspectives from leading US and European scholars, this book analyses how capitalism and national capitalisms are changing in this context. It focuses on the economic rise of new countries such as the BRICs, the increasing influence of regionalorganizations such as the EU and NAFTA, and new forms of private and public international regulation. It also considers how states are adapting their economic policies and processes in this new environment, and the consequences of these adaptations for inequality and risk within different societies.These changes are linked to how firms are developing new strategies for organizing global value chains and the application of scientific knowledge to the commercialization of products in contexts where financial markets are becoming more uncertain and crisis prone, and where different groups aremaking new demands for more effective forms of corporate governance and corporate social responsibility. Drawing on examples from Europe, North and Latin America, and Asia, it illustrates the complex ways in which different forms of national capitalism are adapting and changing their institutions inresponse to international financial markets, the global financial crisis, the development of cross-border value chains, and expansion of multinational firms.

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The early twenty-first century is witnessing both an increasing internationalization of many markets, firms, and regulatory institutions, and a reinforcement of the key role of nation states in managing economic development, financial crises, and market upheavals in many OECD and developingeconomies. Drawing on a variety of interdiscip...

Glenn Morgan is Professor of International Management at Cardiff Business School. He was previously Professor of Organizational Behaviour at Warwick Business School. He is a visiting Professor at the Department for Business and Politics at Copenhagen Business School. He was editor of the journal Organization from 2003-8. Richard Whitl...

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Format:PaperbackDimensions:400 pages, 9.21 × 6.14 × 0.68 inPublished:July 18, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198708785

ISBN - 13:9780198708780

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Table of Contents

1. Glenn Morgan and Peer Hull Kristensen: Theoretical Contexts and Conceptual Frames for the Study of Twenty-First Century CapitalismsSection 1: Political Authority and the Nation State in Twenty-First Century Capitalism2. Francesco Duina: Trading Blocks in the Twenty-First Century: Complexity and Consequences3. Ben Clift and Cornelia Woll: The Revival of Economic Patriotism4. Colin Crouch: National Varieties of Labour Market ExposureSection 2: The International Context of Economic Organization5. Glenn Morgan and Michel Goyer: Is there a Global Financial System? The Locational Antecedents and Institutionally Bounded Consequences of the Financial Crisis?6. Volkmar Gessner: Enabling Global Business Transactions: Relational and legal mechanisms7. Marie-Laure Djelic and Sigrid Quack: Transnational Governance through Standard Setting: The role of transnational communities8. Andrew Tylecote: Innovation versus Going South: A Strategic Challenge for Capitalism in the Early Twenty-First CenturySection 3: The Organization of Firms and Markets in Twenty-First Century Capitalism9. Richard Whitley: Internationalization and the Institutional Structuring of Economic Organization: Changing Authority Relations in the Twenty-First Century10. Steven Casper: Public Research Systems, Career Structures, and the Commercialization of Academic Science in Different Capitalisms11. Jennifer Bair and Matthew Mahutga: Varieties of Offshoring? Spatial Fragmentation and the Organization of Production in Twenty-First Century Capitalism12. Grahame Thompson: What is Happening to Corporations and What of their Future?13. Ruth Aguilera, Luiz Ricardo Kabbach de Castro, Jun Ho Lee, and Jihae You: Corporate Governance in Emerging Markets14. Barbara Krug: Political Embeddedness in China: Strengths and Limitations