scholarly journals Challenging Varieties of Capitalism's Account of Business Interests: The New Social Market Initiative and German Employers' Quest for Liberalization, 2000-2014

Author(s):  
Daniel P. Kinderman
Author(s):  
Daniel Kinderman

This chapter focuses on how business interests and neoliberal ideas have come together in Germany during the past two decades. It is based on a detailed analysis of the INSM, a large-scale campaign founded and funded by the metal industry employers’ association Gesamtmetall in 2000 to shape public opinion. Since its origination, the INSM has launched a systematic attack on the German welfare state. As part of a business-led public relations campaign, the purpose of the INSM is to propagate market-oriented reforms and influence public opinion and policymaking rather than to develop new economic ideas. Nevertheless, a group of economists associated with the Mont Pèlerin Society have actively supported and campaigned for the INSM. The INSM exposes a serious problem with the academic literature that characterizes Germany as an exemplar of “nonliberal” capitalism: the positions of leading German business officials and economists are fundamentally and unmistakably liberal.


Author(s):  
David Vogel

Over the course of its 150-year history, California has successfully protected its scenic wilderness areas, restricted coastal oil drilling, regulated automobile emissions, preserved coastal access, improved energy efficiency, and, most recently, addressed global climate change. How has this state, more than any other, enacted so many innovative and stringent environmental regulations over such a long period of time? This book shows why the Golden State has been at the forefront in setting new environmental standards, often leading the rest of the nation. From the establishment of Yosemite, America's first protected wilderness, and the prohibition of dumping gold-mining debris in the nineteenth century to sweeping climate-change legislation in the twenty-first, the book traces California's remarkable environmental policy trajectory. It explains that this pathbreaking role developed because California had more to lose from environmental deterioration and more to gain from preserving its stunning natural geography. As a result, citizens and civic groups effectively mobilized to protect and restore their state's natural beauty and, importantly, were often backed both by business interests and by strong regulatory authorities. Business support for environmental regulation in California reveals that strict standards are not only compatible with economic growth but can also contribute to it. The book also examines areas where California has fallen short, particularly in water management and the state's dependence on automobile transportation.


Author(s):  
Igor Bystryakov ◽  
Victoriia Mykytenko

The conceptual and analytical approach to the definition of an integrative base of sustainable development of territories is proposed, which is based on the idea of construction of economic space and creates real conditions for the establishment and deployment of territorial economic integration. It is proved that the effect of the realization of the economic meta space of the state is influenced by the factor of reorganization of the regional map by cascading format of consolidation of industrial-economic, inter-sectoral and interregional interaction. It is recognized that it is expedient to take into account European economic-statistical principles when creating ten territorial economic and economic districts, the format and scale of which will correspond to the key principles of the liberal-social market model of spatial development.


Author(s):  
Matthew A. Shadle

After the Second World War, Western Europeans had to rebuild their nations’ economies. This chapter describes the varieties of capitalism they adopted: social democratic, organicist, and social market. The chapter looks at how these economies differed in terms of property rights, government planning, labor relations, and social welfare. It illustrates a key insight of institutional economics: that there are a variety of capitalisms dependent on different institutional arrangements. The chapter also looks at important social changes, such as the increasing affluence of European society and the early stages of European integration. All these developments set the stage for postwar Catholic thinking about the economy.


Author(s):  
Juan Carlos Moreno-Brid ◽  
Esteban Pérez Caldentey ◽  
Laura Valdez

NAFINSA was essential to Mexico’s development process. It served as the financial agent of the Federal Government and provided preferential access to long-term finance favouring selected business interests and groups. With the Washington Consensus, its tasks were reduced to correcting for market failures, becoming a complement to commercial banks, and focusing on attending the market segments falling outside the scope of commercial bank activity (notably SMEs). Although it appears as a successful story of institutional transformation, on closer inspection, NAFINSA has not been able to overcome key obstacles and its success in alleviating credit restrictions is very limited. NAFINSA must recover some of its functions, prerogatives, and responsibilities as a policy bank to become relevant in strengthening financial intermediation for capital formation.


Author(s):  
Christine Cheng

This chapter introduces the concept of extralegal groups and a theoretical framework for analyzing them—how they emerge, develop, and become entrenched over time. It explores their dual nature as threats to the state and as local statebuilders. Formally, an extralegal group is defined as a set of individuals with a proven capacity for violence who work outside the law for profit and provide basic governance functions to sustain its business interests. This framing shows how political authority can develop as a by-product of the commercial environment, even where the state has little or no presence. In post-conflict societies, the predatory nature and historical abuses of citizens conducted in the name of the state means that government is not always more trusted or better able to look after the interests of local populations than an extralegal group. Ultimately, extralegal groups blur the lines between the formal and informal; the licit and illicit.


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