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For the relationship between capitalism and democracy, the significance of these changes in the representation regime was profound. In the fragmented electoral space of the 1980s and 1990s, the voice of the working class was no longer as loud as it had once been.
Jul 10, 2021 · The advanced industrial countries began their move toward greater openness in the 1970s and 1980s, while the developing world moved rapidly in the 1990's and 2000s. Key measures of the components of globalization—that is, international trade openness, foreign direct investment (FDI) inflows, and international migration—saw remarkable growth from 1970 until the global financial crisis in 2008.
- Abstract
- Representation regimes
- Dynamics
- Acknowledgements
This paper argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood as movements across distinctive growth and representation regimes. Growth regimes are the institutionalized practices central to how a country secures economic prosperity based on complementary sets of firm str...
Two issues are central to contemporary debates about the relationship between capitalism and democracy. The first, normally given the most attention, is: how much control do democratic governments exert over capitalist economies? But, since democracies are representative systems designed to speak for a popular will, an equally important issue is...
This account is revealing about the dynamics through which capitalism and democracy change. Growth regimes and representation regimes are mutually constitutive of each other. As a result, the process whereby they change is marked by multiple endogeneities rather than stark lines of causality. Firm strategies at the heart of growth regimes respon...
For comments on a draft of this paper, I am grateful to Peter Gourevitch, Deborah Mabbett, Jonas Pontusson, Mark Schwartz, Waltraud Schelkle, Ron Rogowski, Yeling Tan and Nicholas Ziegler. Georgina Evans provided helpful research assistance.
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May 22, 2024 · The 1980s and 1990s thus saw a different, colder wind blow through political economies. We noted in Chap. 13 that the phase of organized capitalism, which we refer to as Fordism in terms of mode of production and embedded liberalism in terms of international regulation, eroded from the 1970s onward. In the 1980s, however, a new phase of ...
Jul 10, 2021 · Global capitalism seems to be placing democracy, especially liberal democracy, under considerable stress. ... 1970s and 1980s, while the developing world moved rapidly. in the 1990’s and 2000s ...
- Helen V. Milner
Oct 25, 2023 · The fact that countries in both groups are culturally similar, that they were all socialist before the transition, that they were all similarly developed at the end of 1980s, and that one country in both groups underwent a civil war in 1990s (although Croatia’s was much more lethal and longer lasting than Albania’s), but that at the same time one group opted for shock therapy while the ...
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May 24, 2016 · Three key events have brought the question of capitalism and democracy back into the public and scientific debate in recent years: the global financial crisis of 2008, the Greek tragedy within the Eurozone (EMU), and the publication of Thomas Piketty’s book “Capital in the twenty-first century” (2014). 1 The triumphant success of the ...
