Partisan Politics in the Global Economy

By Geoffrey Garrett

Book Overview

Geoffrey Garrett challenges the conventional wisdom about the domestic effects of the globalization of markets in the industrial democracies: the erosion of national autonomy and the demise of leftist alternatives to the free market. He demonstrates that globalization has strengthened the relationship between the political power of the left and organized labour and economic policies that reduce market-generated inequalities of risk and wealth. Moreover, macroeconomic outcomes in the era of global markets have been as good or better in strong left-labour regimes ('social democratic corporatism') as in other industrial countries. Pessimistic visions of the inexorable dominance of capital over labour or radical autarkic and nationalist backlashes against markets are significantly overstated. Electoral politics have not been dwarfed by market dynamics as social forces. Globalized markets have not rendered immutable the efficiency-equality trade-off.

• Format: Paperback
• Language: English
• ISBN: 0521446902
• ISBN13: 9780521446907
• Release Date: March 1998
• Publisher: Cambridge University Press
• Length: 204 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.6" x 6.0" x 9.1"

Customer Reviews

An important book about globalization and politics!

This is a book which is bound to be quite controversial. Garrett explodes the argument that global economic integration is making national politics irrelevant; the evidence presented in this book is overwhelming. This is a book which must be read by all serious students of international relations, comparative politics, and political economy.