Economic crises and policy regimes: the dynamics of policy innovation and paradigmatic change

443 Pages·2014·5.761 MB·English

by  Magara, Hideko

Economic Crises and Policy Regimes
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
Economic Crises and
Policy Regimes
The Dynamics of Policy Innovation and
Paradigmatic Change
Edited by
Hideko Magara
Waseda University, Japan
Edward Elgar
Cheltenham, UK • Northampton, MA, USA
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
© Hideko Magara 2014
All rights reserved. No part of this publication may be reproduced, stored
in a retrieval system or transmitted in any form or by any means, electronic,
mechanical or photocopying, recording, or otherwise without the prior
permission of the publisher.
Published by
Edward Elgar Publishing Limited
The Lypiatts
15 Lansdown Road
Cheltenham
Glos GL50 2JA
UK
Edward Elgar Publishing, Inc.
William Pratt House
9 Dewey Court
Northampton
Massachusetts 01060
USA
A catalogue record for this book
is available from the British Library
Library of Congress Control Number: 2013951852
This book is available electronically in the ElgarOnline.com Social and Political
Science Subject Collection, E-ISBN 978 1 78254 992 5
ISBN 978 1 78254 991 8
Typeset by Servis Filmsetting Ltd, Stockport, Cheshire
Printed and bound in Great Britain by T.J. International Ltd, Padstow
2
0
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
Contents
List of contributors vii
Preface xi
Foreword xiii
1 Introduction: growth, crisis and regime change 1
Hideko Magara
PART I THEORETICAL EXPLORATIONS
2 Choices and echoes: stability and change of policy regimes 33
Adam Przeworski
3 The hegemony constraints in the neoliberal years of capitalism 56
Luiz Carlos Bresser- Pereira
4 Economic crises and growth regimes 79
Toshio Yamada
5 Varieties of economic growth regimes, types of
macroeconomic policies and policy regimes: a post- Keynesian
analysis 101
Hiroshi Nishi
6 How do polity and economy interact within Régulation
Theory? Consequences for policy regimes and reform
strategies 124
Robert Boyer
PART II SOCIAL COALITIONS AND ELECTIONS
7 The bloc bourgeois in France and Italy 177
Bruno Amable and Stefano Palombarini
8 Political response to economic crisis in 1997 and 2008
South Korea 217
Hyug Baeg Im
v
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
vi Economic crises and policy regimes
9 In search of a new policy regime: the record of Democratic
Party of Japan- led governments 240
Masanobu Ido
10 How do economic crises affect electoral choices? Analysing
voting behavior in the British general election of 2010 263
Yuki Yanai
PART III GLOBAL GOVERNANCE AND POLICY AREAS
11 A political analysis of the global financial crisis: implications
for crisis governance 283
Alberto Martinelli
12 The global economic crisis and the future of labor market
policy regimes: implications for economic governance in the
European Union and Japan 314
Koji Fukuda
13 Historical evolution of welfare policy ideas: the Scandinavian
perspective 337
Nanako Fujita
14 Policy choices and socioeconomic divides: long- term
changes in Italy’s democratic quality 357
Stefano Sacchi
15 Multilevel policy regimes, political cleavages and
party systems: horizontal and vertical transfer of policies and
its effects 385
Hiroshi Shiratori
Index 405
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
Contributors
Bruno Amable is Professor of Economics at the University of Paris I
Panthéon-Sorbonne and a member of the Institut Universitaire de France.
He is co- editor of the Socio- Economic Review. His research focuses on
the political economy of institutional change and the transformation
of the different models of capitalism. He is author of The Diversity of
Modern Capitalism (2003) and co-a uthor of L’économie politique du néo-
libéralisme: le cas de la France et de l’Italie.
Robert Boyer is an economist at the Institute of the Americas after a
career as a researcher at the National Centre for Scientific Research
(CNRS) and Professor at the School for Advanced Studies in the Social
Sciences (EHESS) in Paris. Starting from macroeconomic modelling
for the Ministry of Finance he has been part of the Régulation Theory
research programme. He has studied the long- term evolution of capitalism
and its contemporary diversity, according to a renewed political economy.
He is the co- editor of Diversity and transformations of Asian Capitalisms
(2011, with Hiroyasu Uemura and Akinori Isogai) and Regulation Theory:
The State of Art (2001, with Yves Saillards) among numerous other
publications.
Luiz Carlos Bresser- Pereira is Emeritus Professor of the Getulio Vargas
Foundation where he has taught and researched since 1959. His PhD and
Livre Docencia in economics are from the University of São Paulo. He
holds an honorary doctorate from the University of Buenos Aires, and
was the 2012 James Street Scholar from the Association for Evolutionary
Economics (AFEE). He was Finance Minister (1987) and Minister of
Federal Administration (1995–98) of Brazil. His books in English include
Democracy and Public Management Reform (2004), Developing Brazil
(2009) and Globalization and Competition (2010).
Nanako Fujita is Associate Professor at the Graduate School of Economics,
Nagoya City University. She is the author of Gunnar Myrdal’s Economic
Thought: From Welfare State to Welfare World (2010, in Japanese), which
won the 2011 Award from the Japanese Society for History of Economic
Thought (JSHET). She has written articles and chapters on the history of
economic thought and institutional economics, which include ‘Myrdal’s
vii
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
viii Economic crises and policy regimes
theory of cumulative causation’, Evolutionary and Institutional Economic
Review, 3 (2), 2007.
Koji Fukuda is Professor of International Public Administration at the
School of Political Science and Economics, Waseda University. He is
also Director of the Waseda Institute for European Union Studies and
President of the Japan Society for Public Interest and Common Good
Studies. He received a PhD in political science from Doshisha University.
He served as Research Fellow at the College of Europe in Brugge (1992–
93), before his current affiliation. He co-e dited European Governance after
Nice (2003, with Hiroya Akiba).
Masanobu Ido is Professor of Political Science at Waseda University.
He has published books and articles widely in the field of comparative
political economy, with special emphasis on contemporary Japan. He is the
editor of Varieties of Capitalism, Types of Democracy and Globalization
(2012).
Hyug Baeg Im is Professor at the Department of Political Science and
International Relations, Korea University. He is Visiting Professor at
Johns Hopkins University, School of Advanced International Studies
and on the Executive Committee at the Independent Parliamentary
Standards Authority (IPSA). He received a BA in political science from
Seoul National University, and an MA and PhD in Political Science from
the University of Chicago. He was Visiting Professor at Georgetown
University (1995–96), Duke University (1997), Stanford University (2002–
03) and Visiting Fellow at the International Forum for Democratic Studies,
National Endowment for Democracy, Washington, DC (1995–96).
Hideko Magara is Professor of Political Science at Waseda University. Her
research focuses on the mutual impacts between party politics and eco-
nomic policies in capitalist democracies. She is the author of various books
and articles, including Democracy and Accountability: Globalized Political
Responsibility (2010, in Japanese). She co-e dited The Politics of Structural
Reforms: Social and Industrial Policy Change in Italy and Japan (2013, with
S. Sacchi). She is an associate member of the Science Council of Japan and
former President of the Japan Association for Comparative Politics.
Alberto Martinelli is Professor Emeritus of Political Science and Sociology
and former Dean of the Faculty of Social and Political Sciences at the
University of Milan; Vice-P resident for Scientific Planning and Review,
International Social Science Council; Vice-P resident of Science for Peace;
and former President of the International Sociological Association. His
research interests focus on nationalism and the European Union, the
Grahams HD:Users:Graham:Public:GRAHAM'S IMAC JOBS:14648 - EE - MAGARA:MAGARA 9781782549918 (M3336) (G)
Contributors ix
models and actors of global governance, the comparative analysis of
political and social systems, modernization and sustainable development.
Recent books include Transatlantic Divide: Comparing American and
European Society (2007), La democrazia globale (2004, new edition 2008)
and Global Modernization: Rethinking the Project of Modernity (2005,
Russian edition 2006, Chinese edition 2011).
Hiroshi Nishi is Associate Professor of Economics at Hannan University.
He has published articles in the field of macroeconomics and applied time
series analysis. His research interests include post-K eynesian econom-
ics, institutional economics and the Japanese economy, which include ‘A
Dynamic Analysis of Debt- led and Debt- burdened Growth Regimes with
Minskian Financial Structure’, Metroeconomica, 63 (4), 2012.
Stefano Palombarini is Associate Professor of Economics at the University
of Paris 8 Saint- Denis. His research focuses on economic policy, political
regimes and the political economy of institutional change. He is author of
La rupture du compromise social italien (2001) and co- author of L’économie
politique du néo- libéralisme: le cas de la France et de l’Italie.
Adam Przeworski is Carroll and Milton Petrie Professor of European
Studies at New York University. He is the editor of Cambridge Studies
in the Theory of Democracy and co- author of the ‘ACLP data set’ (with
A.M. Alvarez, J.A. Cheibub and F. Limongi). His research focuses on
theory of democracy and political economy. He has been awarded the
Johan Skytte Prize in Political Science for his scholarship examining the
interplay among democracy, capitalism and economic development. His
most recent book is Democracy and the Limits of Self-g overnment (2010).
Stefano Sacchi is Assistant Professor of Political Science at the University
of Milan and an Affiliate of the Collegio Carlo Alberto of Turin, where
he coordinates the Master’s in Public Policy and Social Change (MAPS).
His recent scholarship has focused on labour market and social protec-
tion reforms in advanced economies. His most recent books are The
Political Economy of Work Security and Flexibility (2012, co-a uthored
with F. Berton and M. Richiardi) and The Politics of Structural Reforms
(2013, co- edited with H. Magara).
Hiroshi Shiratori is Professor of Political Science and International
Relations at the Graduate School of Public Policy, Hosei University. He
also serves as Director of the Institute of Policy Science, Hosei University.
He was Research Fellow of the Research Council of Norway (Norges for-
skningsråd) at the Institute of Political Science, University of Oslo (1994–
95) and Gast Professor at the Mannheim Centre for the European Social