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State-Market Relations for a Globalized Economy

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Abstract

This paper explores the relationship between government and society in an era of deindustrialization, globalization and rapid innovation. The authors find that current protection for workers is inadequate, corporations are overburdened with the provision of services that should be a social responsibility, and the system, as inadequate as it is, lacks funding. We explore the feasibility of an expanded and more flexible set of social programs to promote innovative activity and technological change, to insure adequate investment in human capital, and to protect workers to a greater degree from the costs of technological change and global competition.

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  • Melissa Mahoney & William Milberg & Jeff Madrick, 2006. "State-Market Relations for a Globalized Economy," SCEPA policy note series. 2006-02, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapn:2006-02
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/globalization_trade/0604_PN_StateMarket.pdf
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    Cited by:

    1. William Milberg, 2007. "Is the Sky Falling?:," Challenge, Taylor & Francis Journals, vol. 50(6), pages 91-108.

    More about this item

    Keywords

    State; Market; Globalization; Deindustrialization;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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