Economic Crises and Policy Regimes: The Dynamics of Policy Innovation and Paradi

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In this innovative book, Hideko Magara brings together an expert team to explore both the possibilities and difficulties of transitioning from a neoliberal policy regime to an alternative regime through drastic policy innovations.

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In this innovative book, Hideko Magara brings together an expert team to explore both the possibilities and difficulties of transitioning from a neoliberal policy regime to an alternative regime through drastic policy innovations. The authors argue that, for more than two decades, citizens in developed countries have witnessed massive job losses, lowered wages, slow economic growth and widening inequality under a neoliberal policy regime that has placed heavy constraints on policy choices.The book explores, both theoretically and empirically, the possibility of transition to a new political economic paradigm by seeking feasible answers to questions such as: why has such a regime persisted for a long period of time despite its poor policy performance?; is it possible for democracy to overcome economic crisis through its electoral mechanisms?; and, under what conditions can each government convert crisis of its economy into growth? The book concludes that under different policy regimes, whether Keynesian or neoliberal, there are a variety of growth regimes, and economic performances will consequently vary considerably. The authors ultimately argue that policy innovations need not only political leadership but also the very creation of a new economic theory in order to break a critical juncture of economic stalemates.Economic Crises and Policy Regimes will appeal to policy makers and practitioners internationally and is an important resource for political scientists, economists and sociologists. Advanced students of comparative politics, comparative political economy and institutional economics will also find much to benefit them in this book.Contributors include: B. Amable, R. Boyer, L.C. Bresser-Pereira, N. Fujita, K. Fukuda, M. Ido, H.B. Im, H. Magara, A. Martinelli, H. Nishi, S. Palombarini, A. Przeworski, S. Sacchi, H. Shiratori, T. Yamada, Y. Yanai

Author Biography

Edited by Hideko Magara, Waseda University, Japan

Table of Contents

Contents:1. Introduction: Growth, Crisis, and Regime ChangeHideko MagaraPART I: THEORETICAL EXPLORATIONS2. Choices and Echoes: Stability and Change of Policy RegimesAdam Przeworski3. The Hegemony Constraints in the Neoliberal Years of CapitalismLuiz Carlos Bresser-Pereira4. Economic Crises and Growth RegimesToshio Yamada5. Varieties of Economic Growth Regimes, Types of Macroeconomic Policies and Policy Regimes: A Post-Keynesian AnalysisHiroshi Nishi6. How do Polity and Economy Interact Within Régulation Theory? Consequences for Policy Regimes and Reform StrategiesRobert BoyerPART II: SOCIAL COALITIONS AND ELECTIONS7. The Bloc Bourgeois in France and ItalyBruno Amable and Stefano Palombarini8. Political Response to Economic Crisis in 1997 and 2008 South KoreaHyug Baeg Im9. In Search of a New Policy Regime: The Record of Democratic Party of Japan-led GovernmentsMasanobu Ido10. How do Economic Crises Affect Electoral Choices? Analyzing Voting Behavior in the British General Election of 2010Yuki YanaiPART III: GLOBAL GOVERNANCE AND POLICY AREAS11. A Political Analysis of the Global Financial Crisis: Implications for Crisis GovernanceAlberto Martinelli12. The Global Economic Crisis and the Future of Labor Market Policy Regimes: Implications for Economic Governance in the European Union and JapanKoji Fukuda13. Historical Evolution of Welfare Policy Ideas: The Scandinavian PerspectiveNanako Fujita14. Policy Choices and Socioeconomic Divides: Long-term Changes in Italy's Democratic QualityStefano Sacchi15. Multilevel Policy Regimes, Political Cleavages and Party Systems: Horizontal and Vertical Transfer of Policies and its EffectsHiroshi Shiratori

Details ISBN1782549919 Author Hideko Magara Publisher Edward Elgar Publishing Ltd ISBN-10 1782549919 ISBN-13 9781782549918 Year 2014 Media Book Pages 448 Short Title Economic Crises and Policy Regimes Language English Subtitle The Dynamics of Policy Innovation and Paradigmatic Change DEWEY 338.9 Imprint Edward Elgar Publishing Ltd Place of Publication Cheltenham Country of Publication United Kingdom AU Release Date 2014-03-28 NZ Release Date 2014-03-28 UK Release Date 2014-03-28 Format Hardcover Publication Date 2014-03-28 Edited by Hideko Magara Audience Postgraduate, Research & Scholarly We've got this

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