Download This PaperRe-Thinking Market Governance (Introduction)
Kate Macdonald, Shelley Marshall and Sanjay Pinto, “Re-thinking Market Governance”, in Crisis and Reinvention? New Visions for Market Governance, Routledge, London (2012): pp.1-15
27 Pages Posted: 5 Dec 2016
Date Written: January 1, 2012
Abstract
The financial crisis of 2008–9 and the ‘Great Recession’ that it precipitated highlighted a number of troubling dynamics in contemporary capitalism. Rising financial instability has received particular attention (Obstfeld and Rogoff 2009), as have other social problems such as trends of increased economic inequality (Manning 2011). For many observers, these problems have revealed serious weaknesses in systems of national, regional and global market governance that are linked to the rise of market liberal ideology and a set of and associated policies and practices (Abdelal and Ruggie 2009). The crisis has been heralded as an opportunity for change that would ‘embed’ markets in public control, establishing new institutional forms that better embody norms of stability, equality, and justice (Sen 2009).
Keywords: international development, human rights, NGOs, governance, global governance
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Shelley D. Marshall
RMIT University ( email )
Melbourne Campus
Building 13
Melbourne, Victoria 3000
Australia
+613 99251382 (Phone)
HOME PAGE: http://www.rmit.edu.au
