The BRICs and the Washington Consensus: An introduction

Ban, Cornel; Blyth, Mark

doi:10.1080/09692290.2013.779374

Cited by 104 publications

(59 citation statements)

References 44 publications

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“…Both have embraced markets, but far from limiting their government much of their economic success is attributable to active state intervention. On the external front though trade barriers have been torn down, policy makers in both countries have not shied away from employing selective protection and regulation for strategic purposes (Ban and Blyth, 2013;McCartney, 2010). But underlying these similarities there are far reaching contrasts.…”

Section: Introductionmentioning

confidence: 99%

Alternate paths to economic development:a comparative analysis of Brazil and India in the era of neoliberalism

Sirohi

2017

Rev. Econ. Polit.

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This paper compares and contrasts Brazilian and Indian strategies of development during the era of neo-liberalism from a long period perspective. The Brazilian economy has attempted to combine the goals of redistribution and social equity with the goals of growth and productivity. India on the other hand has pursued a growth maximizing approach to development, while paying little or no attention to the larger goals of human well-being. The article seeks to understand the dynamics of economic change in the two economies and attempts to draw out the institutional and political factors that have influenced these approaches.

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Section: Introductionmentioning

confidence: 99%

Alternate paths to economic development:a comparative analysis of Brazil and India in the era of neoliberalism

Sirohi

2017

Rev. Econ. Polit.

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“…A dificuldade em compreender até que ponto o Consenso de Washington é contestado pelos emergentes reside na adesão aos princípios macroeconômicos pré-determinados e às condicionalidades aceitas para obtenção de recursos internacionais. O Consenso de Washington não foi só um conjunto de proposições para estabilização da econômica; as recomendações disseminam uma cultura político-econômica neoliberal financista que condensa a natureza da hegemonia da fase contemporânea do capitalismo (BAN;BLYTH, 2013).…”

Section: Limites E Potencialidades De Transformação Da Ordemunclassified

O fenômeno dos “Estados emergentes” na política internacional contemporânea: Contribuições da Economia Política Internacional para um objeto multi-aspectual

Scotelaro¹

2017

Carta Int. ABRI

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ResumoA discussão do artigo se situa dentro do debate contemporâneo sobre a categorização de potências emergentes no capitalismo global, um fenômeno cada vez mais problematizado acerca da ascensão política e expressivo crescimento econômico dos Estados em desenvolvimento do Sul Global. A despeito da preexistência de um debate dentro de correntes tradicionais de relações internacionais, o resgate e a consolidação desses esforços analíticos no início do século XXI permitiram às teorizações econômicas uma crescente influência nos esforços interpretativos sobre tal aspecto do ambiente internacional. Entende-se que as abordagens interpretativas de relações internacionais que partem da economia política internacional fornecem atributos consistentes e são adequadamente correlacionados para compreender o posicionamento de países com crescente projeção internacional. Os avanços interpretativos possibilitaram novas compreensões sobre os fenômenos, mas a tentativa de dimensionar os Estados segundo sua potencialidade de influenciar na política internacional se torna problemática em função do seu nível de integração à economia capitalista global.

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“…Thus, we can acknowledge that neoliberalism informs the dominant mode of economic thinking, but understand that it does not operate as a rigid script -simply copied and reproduced -across different locations. Instead, it is flexible and open to local adaption and interpretation (Peck and Theodore, 2013;Mirowski, 2013;Ban and Blyth, 2013;Schmidt and Thatcher, 2013;Ban, 2016). As such, the role of the State is to translate the global script of neoliberalism into local language that can then be applied and understood in a given region.…”

Section: Neoliberalism Financialization and The Development Of 'Finmentioning

confidence: 99%

“…Dominant and global scripts (e.g. those espoused by World Trade Organisation and the World Bank about the importance of liberalization and flexibility of labour markets) are translated by the State at a local level, and this takes the form of policies and regulations, which then go on to shape the organization of political and social life (Ban, 2016). Moreover, the translation of neoliberalism in any local contexts reflects the intellectual history of that region, naturally encapsulating the local struggle for ideas and resources, and leading to varieties of neoliberalism (Eagleton, 2007;Ban, 2016).…”

Section: Neoliberalism Financialization and The Development Of 'Finmentioning

confidence: 99%

The state, employment, and regulation: making work not pay

Grady

2017

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Purpose The purpose of this paper is to examine the role of specific active labour market policies (ALMP) and increased use of zero hour contracts (ZHCs) in creating an environment in which low-wage jobs flourish. Alongside these, it examines the role of financialization over the last 30 years in fostering the nuturalization of policies that institutionalize low wages and deregulate the economy in favour of big business. Design/methodology/approach This paper draws upon academic literature, official statistics, and analyses via the concept of neoliberalism. Findings This paper demonstrates that via a set of interconnected macro and micro factors low pay is set to remain entrenched in the UK. It has demonstrated that this is not the result of some natural response to labour market demands. Far from it, it has argued that these policy choices are neoliberal in motivation and the outcome of establishing low pay and insecure employment is a significant character of the contemporary labour market is deliberate. Research limitations/implications This paper encourages a re-think of how the authors address this issue of low pay in the UK by highlighting alternative forms of understanding the causes of low pay. Practical implications It presents an alternative analysis of low pay in the UK which allows us to understand and call into question the low-pay economy. In doing so it demonstrates that crucial to this understanding is state regulation. Social implications This paper allows for a more nuanced understanding of the economic conditions of the inequality caused by low pay, and provides an argument as to alternative ways in which this can be addressed. Originality/value The paper examines the relationship between the rise of neoliberalism and finance capital, the subsequent emergence of the neoliberal organization, the associated proliferation of ALMP and ZHCs, and the impact of these on creating a low-wage economy. It makes the argument that the UK’s low-wage economy is the result of regulatory choices influenced by a political preference for financialization, even if such choices are presented as not being so. Thus, the contribution of this paper is that it brings together distinct and important contemporary issues for scholars of employee relations, but connects them to the role of the state and neoliberal regulation.

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The BRICs and the Washington Consensus: An introduction

Cited by 104 publications

References 44 publications

Alternate paths to economic development:a comparative analysis of Brazil and India in the era of neoliberalism

Alternate paths to economic development:a comparative analysis of Brazil and India in the era of neoliberalism

O fenômeno dos “Estados emergentes” na política internacional contemporânea: Contribuições da Economia Política Internacional para um objeto multi-aspectual

The state, employment, and regulation: making work not pay

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