Financial Crisis, Labour Markets and Institutions

Business & Finance, Finance & Investing, Banks & Banking, Marketing & Sales, Consumer Behaviour
Cover of the book Financial Crisis, Labour Markets and Institutions by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781136268502
Publisher: Taylor and Francis Publication: February 11, 2013
Imprint: Routledge Language: English
Author:
ISBN: 9781136268502
Publisher: Taylor and Francis
Publication: February 11, 2013
Imprint: Routledge
Language: English

This book seeks to explain the global financial crisis and its wider economic, political, and social repercussions, arguing that the 2007-9 meltdown was in fact a systemic crisis of the capitalist system.

The volume makes these points through the exploration of several key questions:

  • What kind of institutional political economy is appropriate to explain crisis periods and failures of crisis-management?

    Are different varieties of capitalism more or less crisis-prone, and can the global financial crisis can be attributed to one variety more than others?

    What is the interaction between the labour market and the financialization process?

The book argues that each variety of capitalism has its own specific crisis tendencies, and that the uneven global character of the crisis is related to the current forms of integration of the world market. More specifically, the 2007-09 economic crisis is rooted in the uneven income distribution and inequality caused by the current financial-led model of growth.

The book explains how the introduction of more flexibility in the labour markets and financial deregulation affected everything from wages to job security to trade union influence. Uneven income distribution and inequality weakened aggregate demand and brought about structural deficiencies in aggregate demand and supply. It is argued that the process of financialization has profoundly changed how capitalist economies operate. The volume posits that financial globalization has given rise to growing international imbalances, which have allowed two growth models to emerge: a debt-led consumption growth model and an export-led growth model. Both should be understood as reactions to the lack of effective demand due to the polarization of income distribution.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book seeks to explain the global financial crisis and its wider economic, political, and social repercussions, arguing that the 2007-9 meltdown was in fact a systemic crisis of the capitalist system.

The volume makes these points through the exploration of several key questions:

The book argues that each variety of capitalism has its own specific crisis tendencies, and that the uneven global character of the crisis is related to the current forms of integration of the world market. More specifically, the 2007-09 economic crisis is rooted in the uneven income distribution and inequality caused by the current financial-led model of growth.

The book explains how the introduction of more flexibility in the labour markets and financial deregulation affected everything from wages to job security to trade union influence. Uneven income distribution and inequality weakened aggregate demand and brought about structural deficiencies in aggregate demand and supply. It is argued that the process of financialization has profoundly changed how capitalist economies operate. The volume posits that financial globalization has given rise to growing international imbalances, which have allowed two growth models to emerge: a debt-led consumption growth model and an export-led growth model. Both should be understood as reactions to the lack of effective demand due to the polarization of income distribution.

More books from Taylor and Francis

Cover of the book Conservation of Building and Decorative Stone by
Cover of the book Capitalist Development and Economism in East Asia by
Cover of the book Europe on Trial by
Cover of the book Folk Psychology and the Philosophy of Mind by
Cover of the book Africa in World Affairs by
Cover of the book Japanese Women, Class and the Tea Ceremony by
Cover of the book What are you Reading? by
Cover of the book World Yearbook of Education 1988 by
Cover of the book Building Positive Relationships with Parents of Young Children by
Cover of the book Global Ecologies and the Environmental Humanities by
Cover of the book Researching Local History by
Cover of the book What News? by
Cover of the book The Multiplex in India by
Cover of the book Democracy and Green Political Thought by
Cover of the book The Origins of Leftwing Cinema in China, 1932-37 by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy