ABSTRACT

The financial crisis of 2008-2009 and the "Great Recession" that it precipitated highlight a number of important questions about the governance of contemporary 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. Contributors combine in-depth empirical analysis with innovative explorations of alternative 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 scholars in a wide range of areas including international and comparative political economy, public and social policy, and normative social theory. 

chapter 2|12 pages

Financial markets

Masters or servants?

chapter 5|15 pages

Sub-prime lending and microcredit

An uncomfortable analogy

chapter 6|14 pages

GFC 2

The global food and financial crises

chapter 7|13 pages

Embedded regionalism

chapter 9|16 pages

From waning to emerging world order

Multipolarity, multilateralism and World Bank reform

chapter 10|11 pages

Gender-equitable public policy

Challenges to policy design amidst contestations in a multi-polar world

chapter 12|13 pages

The “new” industrial policy

Securing the home market with subterfuge and SMEs

chapter 13|10 pages

Reframing labour market regulation after the financial crisis

The stimulus packages and new industrial policy

chapter 14|18 pages

Productive democracy

chapter 16|18 pages

Re-embedding the market

Beyond Adam Smith's dinner

chapter 17|5 pages

A concluding note