Format du dépôt |
Fichier |
Type de dépôt |
Pré-publication, Document de travail |
Titre |
en
Do Globalization, Deregulation and Financialization Imply a Convergence of Contemporary Capitalisms?
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Résumé |
en
Distinctive political compromises prevailed and explained various brands of capitalism observed from WWII to the early 1990s. Is this key finding by régulation research been still valid given the wide diffusion of common structural changes since the 2000s: slow productivity in the industrialized world, overwhelming impact of finance, rise of inequalities within many Nation-States in response to deregulation, social and political polarization, open conflict between capitalism and democracy, the trading place between mature and emerging economies? These stylized facts challenge most economic theories but they can be explained by an institutionalist and historical approach that also helps in redesigning a relevant macroeconomic approach. Each capitalism brand displays specific complementarities among institutional forms and their growing interactions imply more their complementarity than their frontal competition. Consequently, all capitalisms have been transformed but they do not converge towards a canonical configuration. The rise of nationalist movements may challenge the present international relations but they should not underestimate the economic and social costs of their protectionist strategy.
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Auteur(s)
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1
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
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Université Paris 1 Panthéon-Sorbonne UMR8545 ( 7550 )
;
-
École normale supérieure - Paris ( 59704 )
;
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Université Paris Sciences et Lettres ( 564132 )
;
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Institut National de la Recherche Agronomique UMR1393 ( 92114 )
;
-
École des hautes études en sciences sociales ( 99539 )
;
-
École des Ponts ParisTech ( 301545 )
;
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Centre National de la Recherche Scientifique ( 441569 )
2
IDA -
Institut des Amériques
( 67755 )
- 28 rue Saint-Guillaume 75007 PARIS
- France
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Université Sorbonne Nouvelle - Paris 3 ( 52995 )
;
-
Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche ( 301855 )
;
-
Centre National de la Recherche Scientifique ( 441569 )
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Public visé |
Scientifique
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Page/Identifiant |
30 p.
|
Licence |
Paternité - Pas d'utilisation commerciale - Partage selon les Conditions Initiales
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Langue du document |
Anglais
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Date de production/écriture |
2018-09
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Commentaire |
Domaine(s) |
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Sciences de l'Homme et Société/Economies et finances
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Mots-clés (JEL) |
-
B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Historical • Institutional • Evolutionary
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E - Macroeconomics and Monetary Economics/E.E0 - General/E.E0.E02 - Institutions and the Macroeconomy
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G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G28 - Government Policy and Regulation
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P - Economic Systems/P.P5 - Comparative Economic Systems/P.P5.P51 - Comparative Analysis of Economic Systems
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Collaboration/Projet |
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INCAS - Understanding institutional change in Asia: a comparative perspective with Europe
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Voir aussi |
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https://incas.hypotheses.org/
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Financement |
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European Union’s Horizon 2020 research and innovation programme Marie Skłodowska-Curie grant agreement No 645763.
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Projet(s) Européen(s) |
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INCAS
- Understanding institutional change in Asia: a comparative perspective with Europe
Numéro CORDIS :
645763
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Mots-clés |
en
Capitalism variety, Institutional complementarity, Global finance, Internationalization, Deregulation, National and international inequality, Capitalism and democracy, International relations
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