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Capitalisms and Capitalism in the Twenty-First Century


  • Morgan, Glenn
    (Professor of International Management, Cardiff Business School, University of Cardiff)

  • Whitley, Richard
    (Emeritus Professor of Organizational Sociology, Manchester Business School, University of Manchester)


The early twenty-first century is witnessing both an increasing internationalization of many markets, firms, and regulatory institutions, and a reinforcement of the key role of nation states in managing economic development, financial crises, and market upheavals in many OECD and developing economies. Drawing on a variety of interdisciplinary perspectives from leading US and European scholars, this book analyses how capitalism and national capitalisms are changing in this context. It focuses on the economic rise of new countries such as the BRICs, the increasing influence of regional organizations such as the EU and NAFTA, and new forms of private and public international regulation. It also considers how states are adapting their economic policies and processes in this new environment, and the consequences of these adaptations for inequality and risk within different societies. These changes are linked to how firms are developing new strategies for organizing global value chains and the application of scientific knowledge to the commercialization of products in contexts where financial markets are becoming more uncertain and crisis prone, and where different groups are making new demands for more effective forms of corporate governance and corporate social responsibility. Drawing on examples from Europe, North and Latin America, and Asia, it illustrates the complex ways in which different forms of national capitalism are adapting and changing their institutions in response to international financial markets, the global financial crisis, the development of cross-border value chains, and expansion of multinational firms. Contributors to this volume - Ruth V. Aguilera, University of Illinois at Urbana-Champaign, USA Jennifer Bair, University of Colorado at Boulder, USA Steven Casper, Keck Graduate Institute of Applied Life Sciences, Claremont, California, USA Ben Clift, Warwick Business School, University of Warwick, UK. Colin Crouch, Warwick Business School, University of Warwick, UK Marie-Laure Djelic, ESSEC, Paris, France Francesco Duina, Bates College (USA) & Copenhagen Business School (Denmark) Volkmar Gessner, University of Bremen, Germany Michel Goyer, Warwick Business School, University of Warwick, UK Luiz Ricardo Kabbach de Castro, Universitat de les Illes Balears, Spain Peer Hull Kristensen, Copenhagen Business School, Denmark. Barbara Krug, Erasmus University, the Netherlands. Jun Ho Lee, University of Illinois at Urbana-Champaign, USA Matthew Mahutga, University of California at Riverside, USA Glenn Morgan, Cardiff Business School, Cardiff University, UK Sigrid Quack, Max Planck Institute for the Study of Societies, Cologne, Germany Grahame Thompson Copenhagen Business School, Denmark and Open University, UK. Andrew Tylecote, the Management School, University of Sheffield, UK. Richard Whitley, Manchester Business School, University of Manchester, UK Cornelia Woll, Sciences-Po, Paris, France. Jihae You, University of Illinois at Urbana-Champaign, USA

Suggested Citation

  • Morgan, Glenn & Whitley, Richard (ed.), 2012. "Capitalisms and Capitalism in the Twenty-First Century," OUP Catalogue, Oxford University Press, number 9780199694761.
  • Handle: RePEc:oxp:obooks:9780199694761

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    References listed on IDEAS

    1. World Bank, 2010. "Malawi - Country Economic Memorandum : Seizing Opportunities for Growth through Regional Integration and Trade - Summary of Main Finding and Recommendations," World Bank Other Operational Studies 2954, The World Bank.
    2. World Bank, 2010. "Zambia - Impact Assessment of the Fertilizer Support Program : Analysis of Effectiveness and Efficiency," World Bank Other Operational Studies 2878, The World Bank.
    3. Zhiying Xu & William J. Burke & Thomas S. Jayne & Jones Govereh, 2009. "Do input subsidy programs "crowd in" or "crowd out" commercial market development? Modeling fertilizer demand in a two-channel marketing system," Agricultural Economics, International Association of Agricultural Economists, vol. 40(1), pages 79-94, January.
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