Search

This article argues the importance of reconsidering the way that institutionalist-heterodox development discourse has essentialized culture at the expense of acknowledging the need for generalization-based theories of economic development. It points out that such a state of affairs obscures the purposive function of socio-economic development, which is to create or radically reconfigure existing national institutions in order to fit the intended goals of social progress and the universal protection of human rights. In light of this necessity, a convergence hypothesis—whose significance lies in its emphasis on the common humanity and universally shared values in different socio-economic systems— deserves re-reading and re-interpretation. [ABSTRACT FROM AUTHOR]

In times of crisis, comparative capitalism analysis has difficulties differentiating crisis symptoms and effects from trends that may be more long-term. In this paper, I propose that by looking at the discursive strategies of central actors within the political economy, we may improve our understanding of capitalist trajectories. Drawing on Regulation Theory and Gramsci, the main empirical argument is that the French accumulation regime and its regulation are changing to a more explicitly export-oriented and financialised capitalism. This is underscored by the political project of capital-friendly austerity corresponding to a shift in the relationship of forces, the establishment of a neoliberal understanding of competitiveness, and the fading-out of purchasing power. The theoretical contribution of the paper is to integrate more closely critical discourse analysis with a critical political economy perspective. [ABSTRACT FROM AUTHOR]

Empirical gaps exist in the literature about diverse forms of capitalism. The first is thematic, involving the incomplete institutional and political account of how the state can, through a series of policies, shape the development of domestic enterprises. The second gap is regional in nature: this literature does not deal with the historical development of firms that have played a central role in industrialising Southeast Asia. One reason for this is that since most existing theories are based on Western contexts, they are theoretically ill-equipped to deal with the concepts of power and state-business nexuses when the political system is not democratic in nature. But state-business ties, where politicians in power distribute government-generated rents on a selective basis, have resulted in diverse business systems such as highly diversified conglomerates, state-owned companies and small- and mediumscale enterprises. This article deals with these theoretical and empirical gaps. To better understand the nature and implications of evolving state-business ties in Southeast Asia, this topic is examined through the lens of regulation theory. To appreciate the complexity and implications of state-business configurations on the political system and forms of enterprise development, a case study of Malaysia is provided. [ABSTRACT FROM AUTHOR]

On June 9–12, 2015, the International Conference of Research & Regulation 2015 was held in Paris. The theme of this international conference was “the theory of regulation in times of crises,” and around 200 experts and academics from all over the world attended this distinguished conference. Centering on this theme, the hosts selected over 170 papers from those submitted and divided them into 23 topics, among which topics such as reflection and criticism on the economics methodology, labor-management relations and capitalism crisis, financial system and development mode in the post-crisis era, sustainable development and global governance, capitalism diversity and East Asian economy are emphasized and discussed. Many academics who attended the conference also proposed a lot of useful ideas, suggestions for the development of regulation theory, as well as theories and proposals for criticism on neoclassical economics, the emergence system of economic crisis, improvement of global economy, environment and sustainable development, capitalism diversity and development of East Asian economy. [ABSTRACT FROM AUTHOR]

ABSTRACT The mixed results of previous empirical investigations on the relevance of firms' reporting on sustainable development could be due to the absence of a theoretical paradigm able to capture the differences across countries. We apply the varieties of capitalism approach on a sample of European listed banks from 2005 to 2011, to evaluate whether the different institutional contexts affect the value relevance of sustainability reporting in European stock markets. The results show that sustainability reporting is more relevant in coordinated market economies compared with liberal market economies and mixed market economies. The main findings are that systemic and institutional factors influence the impact of sustainability reporting on the firm's market value, and the varieties of capitalism approach provides an important theoretical framework to grasp and highlight differences across European countries on the value relevance of firms' reporting on sustainable development. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Over time, the comparative analysis of capitalism has moved beyond the strict confines of the narrow varieties of capitalism (VoC) framework. In this sense, it is possible to observe an emergent post-VoC discussion that goes beyond the static design and methodological nationalism that can be found in a strictly comparative and institutionalist account of capitalism. So far, however, the post-VoC discussion has been barely able to address important politico-economic and societal themes and issues. For the most part, assertions about time-diagnostic characterisations of the current state of capitalism, the causes and processes of specific crisis dynamics inherent to this current form of capitalism, and the asymmetrical forms of international networks or formative transnational power relations, remain weak or chaotic. In order to overcome these existing deficiencies, this paper argues from an analytical perspective that situates itself in regulation theory and allows itself to be characterised as an extended neo-Gramscian international political economy (IPE) approach. [ABSTRACT FROM PUBLISHER]

The Santa Fe Style is an assembly of cultural features associated with the city of Santa Fe and its surrounding Upper Rio Grande Valley. The style, often dismissed as a confection for tourists because of its gloss and worldliness, is in fact a manifestation of reflexive regionalism. This overlooked cultural process occurs when worldly outsiders fashion regional traits into responses to the life challenges that they and their extraregional reference groups face. In this case, outsiders fashioned what they found in early-twentieth-century Santa Fe into responses to challenges that accompanied the rise of American industrial capitalism. Threats to elite hegemony, the destruction of established lifeways, and the need for new perspectives on American society were prominent among the challenges to which the Santa Fe Style responded. Reflexive regionalism is thus the kind of cultural process that Regulation Theory posits but has found difficult to convincingly identify in the real world, i.e., one that adapts individuals and societies to periodic shifts in the logic and practices of capitalism. I examine seven individuals who made signal contributions to the Santa Fe Style. Each reveals a key facet of Santa Fe’s reflexive regionalism. Together they show how this process created the Santa Fe Style and, more generally, how it works as an engine of cultural invention. The key concepts here are reflexive regionalism, the Santa Fe Style, cosmopolitanism, Regulation Theory, the work of the age, and the project of the self. [ABSTRACT FROM AUTHOR]

This article proposes an analysis of the post-convertibility development model within the current process of the transformation of capitalism and overcoming the neoliberal phase as a development strategy. We present the theory of regulation as the theoretical framework on which our study and conceptualization of the development model rests. From there, we advance in defining the key elements of the development strategy that led to the 2001 crisis, making way to reorganize the social and economic structures of Argentinean capitalism. In this context, we analyze the configuration of the development model from 2003-2010 to determine the scope of transformation relative to the neoliberal cycle. [ABSTRACT FROM AUTHOR]

The article discusses the social impact of financial crises and why economists and the media use the term economic crisis rather than disaster during the 21th century. It discusses several theories including the neoclassical economic theory and the regulation theory. Topics include capitalism, neo-liberal regimes of accumulation, and how society is affected and deals with financial crises.

The article focuses on the issue regarding regulatory capital (RC) and it effects to several financial institutions (FI). It discusses the sensitivity of the RC and cites it impact on finance-providing companies and economic capital. It denotes the regulations made on RC by Basel II. Furthermore, the optimization of RC is also reported.

Copyright of Revista Electrónica Interuniversitaria De Formación del Profesorado is the property of Asociacion Universitaria de Formacion del Profesorado (AUFOP) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

At the heart of debates around internal diversity within specific national contexts lie the questions of social action and the relative impact of institutional concentrations at spatial, industrial and specific hierarchical levels. Internal diversity represents the product of specific historical legacies and the uneven nature of change, the effects of transnational players and regulation, the operation of complementarity, and of regional and sectoral dynamics. This article introduces a range of perspectives on conceptualizing internal diversity within national manifestations of capitalism, and provides a framework for the subsequent articles that constitute this special issue. [ABSTRACT FROM AUTHOR]

Copyright of Industrial Relations / Relations Industrielles is the property of Universite Laval, Department of Industrial Relations and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article contributes to an ongoing debate about the causal source of policy change by considering whether the Regulation approach, which has been largely discarded since the 1990s, can help to explain change in economic development polices at the level of local government in the UK. First, the 'decline' of the approach is explained by interviewing key exponents of the approach from the 1990s. Second, the approach is applied to a narrative of local economic policy in the City of York 1980-2006. In applying the Regulation approach, a number of problems are encountered. Chiefly, as a macro-approach, it lacks the finer tools to be able to explain all aspects of local change. Moreover, the approach is open to the charge of over-determinism by over-privileging the role of economic crisis in change. In the case of York, the cause of change has not been any crisis of Fordism but instead an acceptance of neo-liberalism in national and international spheres of governance, the inevitability of which may be overstated by exponents of the crisis of Fordism. However, the application of the Regulation approach to the case study reaffirms the importance of broader hegemonic political struggles and economic change to the study of local institutions, and the insights that more holistic analysis can make to the study of institutional change. Without some linkage to the broader economic and political hegemonic struggles, that the Regulation approach provides, meso-level theories are inherently wanting. The approach may be worth revisiting in the light of the new crisis of capitalism. [ABSTRACT FROM AUTHOR]

The right to strike is an important economic right of citizens commonly recognized in market economy counties. It helps to balance the relationship of employers and employees, and encourage the stable development of economy and society. It is necessary for China to recognize the right to strike in legislation and prescribe the limitations to the enforcement of the right to protect the employees' rights, to keep our promise in international conventions we signed, and to regulate the existed strikes. [ABSTRACT FROM AUTHOR]