Political Economy of Modern Capitalism

Mapping Convergence and Diversity

Modern capitalism, from neo-liberalism to deregulation, has come to dominate national and international political economy. This major book addresses this convergence and provides a comprehensive overview of the implications for future capitalist diversity. Leading international contributors consider important questions like: + Is the preference for free markets a well-founded response to intensified global competition? + Does this mean that all advanced societies must converge on an imitation of the United States? + What are the implications for the institutional diversity of the advanced economies? + How do we now evaluate the systems and institutions in East Asia? Political Economy and Modern Capitalism provides a practical and wide-ranging analysis of the public policy choices facing governments and business around the world. It will be invaluable reading for students and researchers of political economy, comparative politics, political science, political sociology, public policy, and administration.