Current interpretation about an end of multilateralism and of neoliberalist globalisation at all lacks a sufficient understanding of international institutions. Neither was multilateralism in the 1990ties a functional problem-solving approach to global crises nor can the growing tendencies...

In the current debate on globalisation the concept of "re-embedding" plays a prominent role. The authors criticise this term - which derives from Karl Polanyi - and confront it with the approach of "regulation theory". Regulation theory offers a more precise way of analysing the actual...