This paper reviews several macro-level concepts describing institutional change in advanced capitalism: financialization, dualization and transnationalization. The review shows that these perspectives may complement one another, but also suffer from a common limitation — namely, the failure to...

In the 1980s the performance of Japan's economy was an international success story, and led many economists suggest that the 1990s would be a Japanese decade. Today however, the dominant view today is that Japan is inescapably on a downward slope. Rather than focusing on the evolution of the...