Globalization and the New Politics of Embedded Liberalism

Download or read book Globalization and the New Politics of Embedded Liberalism written by Jude C. Hays and published by Oxford University Press. This book was released on 2009-08-27 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world economy slides into the worst recession since the 1930s, there is fear that hard times will ignite a backlash against free trade policies and globalization more generally. This book explores the political and economic institutional foundations of the bargain of embedded liberalism and the ways domestic institutions shape how governments redistribute the risks and benefits of economic globalization. The author identifies the Anglo-American democracies, because of their majoritarian polities combined with decentralized, competitive economies, as uniquely vulnerable to the contemporary challenges of globalization and the most susceptible to a backlash against it.