New Visions for Market Governance
The financial crisis of 200809 and the Great Recession that it precipitated highlight a number of important questions about the governance of contempor- ary capitalism. How do shortcomings in existing market governance institutions help to account for trends of rising economic inequality and financial instability? What new forms of market governance would better embody norms of stability, equality and justice? And how do present political conditions both constrain and enable possibilities for reform?
This volume brings together an array of leading thinkers to consider these pressing questions about market governance and its potential reform. Contribu- tors combine in-depth empirical analysis with innovative explorations of altern- ative arrangements to consider challenges of market governance in advanced and developing countries, as well as global and regional organizations.
New Visions for Market Governance will be of interest to students and schol- ars in a wide range of areas including international and comparative political economy, public and social policy, and normative social theory.
Kate Macdonald is Lecturer in Politics, University of Melbourne, Australia.
Shelley Marshall is Senior Lecturer in Business Law and Taxation, Monash University, Australia.
Sanjay Pinto is a Ph.D. Candidate in Sociology and Social Policy, Harvard University, USA.
Routledge challenges of globalisation
Edited by Charles Sampford
Griffith University, Australia
This series seeks to make systematic contributions to international debates over two intimately related issues:
- The values that should inform the governance of modern states and the glo- balizing world in which they are increasingly enmeshed, in particular whether the liberal democratic values that sought to civilize the sovereign state need to be reconceived as global values.
- The institutions that are needed to realize those values, be they local, national, regional, international, transnational or global.
| Globalisation and Equality Edited by Keith Horton and Haig Patapan |
| Globalisation and the Rule of Law Edited by Spencer Zifcak |
| Environmental Values in a Globalising World Nature, justice and governance Edited by Jouni Paavola and Ian Lowe |
| Globalisation and Citizenship The transnational challenge Edited by Wayne Hudson and Steven Slaughter |
| Global Democracy and its Difficulties Edited by Anthony J. Langlois and Karol Edward Sotan |
| New Visions for Market Governance Crisis and renewal Edited by Kate Macdonald, Shelley Marshall and Sanjay Pinto |
New Visions for Market Governance
Crisis and renewal
Edited by Kate Macdonald, Shelley Marshall and Sanjay Pinto

First published 2012
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN
Simultaneously published in the USA and Canada
by Routledge
711 Third Avenue, New York, NY 10017
Routledge is an imprint of the Taylor & Francis Group, an informa business
2012 Kate Macdonald, Shelley Marshall and Sanjay Pinto for selection and editorial matter; individual contributors their contribution.
The right of Kate Macdonald, Shelley Marshall and Sanjay Pinto to be identified as the authors of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.
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ISBN: 978-0-415-69111-6 (hbk)
ISBN: 978-0-203-11605-0 (ebk)
Typeset in Times New Roman
By Wearset Ltd, Boldon, Tyne and Wear
In memory of Alice Amsden, who forged new pathways for thinking about the challenges of economic development, and whose deeply committed and independent scholarship will continue to inspire.
Contents
|
KATE MACDONALD, SHELLEY MARSHALL AND SANJAY PINTO |
|
JOHN QUIGGIN |
|
JOS ANTONIO OCAMPO |
|
ROSS P. BUCKLEY |
|
JOHN D. CONROY |
|
SANDY ROSS |
|
JASON BECKFIELD AND MIN ZHOU |
|
JOHN LANGMORE AND SHAUN FITZGERALD |
|
ROBERT H. WADE |
|
MARINA DURANO |
|
KEVIN P. GALLAGHER |
|
ALICE AMSDEN |
|
JOHN HOWE |
|
JOEL ROGERS |
|
DAMIEN CAHILL |
|
CHARLES SAMPFORD |
FRANCES STEWART
|
Figures and tables
Figures
6.1 |
7.1 |
7.2 |
7.3 |
7.4 |
7.5 |
7.6 |
7.7 |
7.8 |
11.1 |
Tables
Contributors
Alice Amsden was the Barton L. Weller Professor of Political Economy in the Department of Urban Studies and Planning at MIT. Her books include Asias Next Giant: South Korea and Late Industrialization and The Rise of the Rest: Challenges to the West from Late Industrializing Economies.
Jason Beckfield is Professor of Sociology at Harvard University. His articles include Inequality in the World Polity: The Structure of International Organ- ization and European Integration and Income Inequality, both in the American Sociological Review.
Fred Block is Research Professor of Sociology at the University of California- Davis. His books include