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In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...
Persistent link: https://www.econbiz.de/10013412266
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431825
In the era of financialisation, increasing income inequality could be observed in most developed and many developing … countries. Despite these similar developments in inequality, the growth performance and drivers for growth differed markedly … among countries, allowing clusters of different growth regimes to be identified. Among them two extreme types: the debt …
Persistent link: https://www.econbiz.de/10011449229
the introduction of the political economy dimension (social blocs, growth coalitions, changes in institutions favouring …
Persistent link: https://www.econbiz.de/10013464271
This paper examines the emergence of private debt-led growth in Canada since the Global Financial Crisis (GFC) by means … export-led growth regime in the early 1990s, a shift to a 'falling' weakly export-led regime by 2001, and a turn to a debt … debt and fiscal policy which ex post did not address the negative financial balances of the household sector supported the …
Persistent link: https://www.econbiz.de/10013537581
explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation … single out how each of them views the interaction between social institutions and the economy and the related dynamics … (financialisation). Third, we outline how these different approaches view the main characteristics and features of financialisation …
Persistent link: https://www.econbiz.de/10010332603
In recent years, diverging demand and growth regimes have received greater scholarly attention. In particular, the intersection between different variants of Comparative Political Economy and the post-Keynesian macroeconomic analysis provides a promising avenue for understanding the main...
Persistent link: https://www.econbiz.de/10012492416
in income inequality have put downward pressure on demand. Up until the crisis, this pressure was partially compensated … for through debt-financed expenditure on behalf of the private sector, especially middle- and lower-income households …. This debt overhang is now another obstacle in the way of demand recovery. In turn, as emphasized by the Kaldor-Verdoorn law …
Persistent link: https://www.econbiz.de/10012610173
debt-led regime until the taper tantrum in 2013. Since then, a development towards a more export-led regime is observable …
Persistent link: https://www.econbiz.de/10013412264
Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post … outcome of 'financialisation' rising shareholder power and pronounced shareholder value orientation. …
Persistent link: https://www.econbiz.de/10010309125