Has globalisation led to a convergence of economic systems? Cover Image

Да ли је глобализација довела до конвергенције економских система?
Has globalisation led to a convergence of economic systems?

Author(s): Slobodan Tomić
Subject(s): Politics / Political Sciences
Published by: Центар за хуманистичке науке »Синтезис«
Keywords: convergence; economic policies; globalisation; neoliberal reforms

Summary/Abstract: The article seeks to explore whether the neoliberal wave, which took- off in the aftermath of the breakdown of keynesianism, has brough about a convergence in economic policies across the OECD world. Drawing from an analysis of the following domains: privatization, regulation, welfare state, taxes, state’s role in coordination of economic activities, and monetary institutions, the author argues that, while witnessing a proliferation of privatization and central banks as a new form of institution, in all the other domains we cannot observe a universal trend. As there have been set up or persisted diverse institutional forms, the conclusion is that the last wave of globalisation has not led to a convergence of economic systems in the OECD world.

  • Issue Year: III/2011
  • Issue No: 1
  • Page Range: 1-32
  • Page Count: 32
  • Language: Serbian
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