In the wake of the outbreak of the global crisis in 2008, many observers expected the state to assume command over a faltering neoliberal finance-led model of capitalism. We now know that this expectation was by and large mistaken. There is indeed an ongoing re-calibration of the state-capital relations, but in many instances the state has become more actively and more deeply involved in extending the reach of markets rather than in constraining markets in the interests of an equitable response to the crisis.
This volume offers both theoretical perspectives and empirical studies by a selection of leading Critical International Political Economy scholars on the question how and to what extent we are witnessing a return of the state and a transition towards a new phase of global capitalism. The chapters cover a wide array of topics: from the rise of China and other emerging economies of the Global South, the role of state-owned enterprises such as Sovereign Wealth Funds and National Oil Companies and global environmental politics, to the role of labour in Europe and US grand strategy / foreign policy making in the post-Cold War period.
This book was published as a special issue of Globalizations.
1. The Rebound of the Capitalist State: The Rearticulation of the State–Capital Nexus in the Global Crisis 2. The Reconfiguration of the Global State–Capital Nexus 3. After Neoliberalism? Brazil, India, and China in the Global Economic Crisis 4. Is the East Still Red? The Contender State and Class Struggles in China 5. Political Capitalism and the Rise of Sovereign Wealth Funds 6. The Hybridization of the State–Capital Nexus in the Global Energy Order 7. Global Environmental Politics and the Imperial Mode of Living: Articulations of State–Capital Relations in the Multiple Crisis 8. The Mexican Debtfare State: Dispossession, Micro-Lending, and the Surplus Population 9. Anatomy of a ‘Critical Friendship’: Organized Labour and the European State Formation 10. The Limits of Open Door Imperialism and the US State–Capital Nexus 11. Imagined Double Movements: Progressive Thought and the Specter of Neoliberal Populism
This series is designed to break new ground in the literature on globalisation and its academic and popular understanding. Rather than perpetuating or simply reacting to the economic understanding of globalisation, this series seeks to capture the term and broaden its meaning to encompass a wide range of issues and disciplines and convey a sense of alternative possibilities for the future.