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As the world economy slides into the worst recession since the 1930s, there is fear that hard times will ignite a backlash against free trade policies and globalization more generally. This book explores the political and economic institutional foundations of the bargain of embedded liberalism and the ways domestic institutions shape how governments redistribute the risks and benefits of economic globalization. The author identifies the Anglo-American democracies, because of their majoritarian polities combined with decentralized, competitive economies, as uniquely vulnerable to the contemporary challenges of globalization and the most susceptible to a backlash against it.
Jude C. Hays is an Assistant Professor of Political Science at the University of Illinois. His research has been supported by the National Science Foundation, and he has published articles in journals such as Comparative Political Studies, Political Analysis, European Union Politics, International Organization, World Politics, International Studies Quarterly, the American Journal of Political Science, and the Journal of Economic Behavior and Organization.
Acknowledgements
List of Figures
List of Tables
Part I
1.: Economic Globalization and Domestic Politics within the Developed Democracies
2.: Government Spending and Public Support for Trade in the OECD
Part II
3.: Trade and Employment in Corporatist and Competitive Labor Markets
4.: Globalization and Capital Taxation in Consensus and Majoritarian Democracies
Part III
5.: Saving Embedded Liberalism in the Anglo-Democracies
6.: Conclusion
Notes
References
Index
