This book argues the the dramatic post-1970 rise in international capitalmobilithy has not, as many claim, systematically contributed to the retrenchment of developed welfare states. Nor has globalization directly reduced the revenue-raising capacities of governments and undercut the political institutions that support the welfare state. Rather, institutional features of the polity and the welfare state determine the extent to which the economic and political pressures associated with globalization porduce welfare state retrenchment.
In systems characterized by inclusive electoral institutions, social corporatist interest representation and policy making, cetralized political authorithy, and universal and social insurance-based program structures,pro-welfare state interests are relatively favored. In nations characterized by majoritarian electoral institutions, plurlaist interest representation and policy making. Decentralization of polichy-making authority, and libedralprogram structure, the economic and political pressures attendant on golbalization are translated into rollbacks of social protection. Consequently, globalization has had the least impact on the large welfare states of Northern Europe and the most effedt on the already small welfare states of Anglo nations.
1. INTRODUCTION
2. GLOBALIZATION, DEMOCRACY, AND THE WELFARE STATE
3. GLOBAL CAPITAL, POLITICAL INSTITUTIONS, AND
CONTEMPORARY WELFARE STATE DEVELOPMENT:
QUANTITATIVE ANALYSIS
4. BIG WELFARE STATES IN GLOBAL
MARKETS:INTERNATIONALIZATION AND WELFARE STATE
REFORM IN THE NORDIC SOCIAL DEMOCRACIES
5. GLOBALIZATION AND POLICY CHANGE IN CORPORATIST
CONSERVATIVE WELFARE STATES
6. INTERNATIONALIZATION AND LIBERAL WELFARE STATES:
SYNOPSIS
7. ASSESSING LONG-TERM IMPACTS: THE EFFECT OF
GLOBALIZATION ON TAXATION, INSTITUTIONS, AND
CONTROL OF THE MACROECONOMY
8. CONCLUSIONS: NATIONAL WELFARE STATES IN A GLOBAL
ECONOMY