Creative Reconstructions: Multilateralism and European Varieties of Capitalism after 1950
Creative Reconstructions: Multilateralism and European Varieties of Capitalism after 1950
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创造性重建:多边主义和 1950 年后的欧洲资本主义
DOI:
10.1080/01402382.2012.682424
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发表时间:
2012
影响因子:
4.2
通讯作者:
Martin Rhodes
中科院分区:
文献类型:
--
作者:
Martin Rhodes
Creative Reconstructions seeks to examine the relationship between domestic economic reform agendas and multilateral commitments (primarily to the EU) in postwar Europe, focusing on Britain, France and Germany. The author undertakes resolutely to explain the ways in which national and international forces have jointly shaped reforms across multiple economic domains, countries and periods. The analytical approach is no less ambitious. Fioretos sets out to criticise and innovate in two literatures: the ‘varieties of capitalism’(VoC) approach to political economy, which he accuses of ignoring international institutions, and historical institutionalism which, he says, over-emphasises path dependencies and betrays a tendency towards determinism (a critique often made of VoC as well). The answer, according to the author, is first to merge historical institutionalism with behavioural economics, to create what he dubs ‘behavioural institutionalism’. This allows, he argues,‘a more nuanced theory of action of those who devise their economic and political strategies with reference to potential costs and benefits from specific institutional changes’. The second step is to turn our attention to the role of multilateralism in understanding the transformation of national economies, and specifically ‘how the manner in which governments embedded national programs in multilateral contexts shaped their ability to implement domestic reforms’. Theories from new institutional economics are also important, for the insights of Coase and Williamson are central to the theory, and the author makes much of the notion of credible commitments–in particular the credibility of firms’ commitments to existing and alternative ‘designs’(by which he means institutional systems, at national or international levels). For Fioretos seeks to examine when and how ‘the conditions under which firm preferences will intensify or be transformed and thus how different types of changes in firms’ environment will affect the credibility of their commitments to the reform agendas governments champion’. Like VoC, this is an approach to political economy in which the firm–especially the ‘pivotal firm’-is central. Indeed, much of the book–in both its theoretical and empirical chapters–is about how governments interact with business, and how critical business preferences are to the formation and success of governments’ reform agendas.Treating national economies as ‘open systems of governance’, the book’s main preoccupation is with ‘the manner in which governments resolve what is known as the design problem’and how that ‘affects their ability to build support for domestic reform agendas’. The ‘design problem’here concerns ‘how governments and other economic actors reconcile the internal integration of institutions with their integration into the external environment’. By which the author means the extent to which the embedding of national economies in multilateral systems (eg the EU) is incentive-compatible with firms’ commitments to existing institutions, or creates adaptation costs which firms will accept or reject. The three empirical chapters are devoted to exploring how and with what effect for national economies governments have sought to resolve the ‘design problem’since the 1950s. Does this all add up? The great strength of the book lies in its (successful) attempt to model the relationship between national economies and multilateral agreements, with the business–government dyad (for other actors barely figure) as the mediators of that relationship. Thus governments will try to ensure that multilateral ‘designs’ are consistent with the preferences of those firms and sectors most critical for their national …