Bulletin n. 1/2009
July 2009
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Macartney Huw
    Variegated neo-liberalism: transnationally oriented fractions of capital in EU financial market integration
    in Review of International Studies (The) , Vol. 35, Issue 2, April ,  2009 ,  451-480
    This article develops a twofold critique: on the one hand it addresses those accounts commonly associated with the Varieties of Capitalism literature and their associated understanding of neo-liberalism to argue that there is a dominant tendency to collapse into a binary analysis that asserts either we are witnessing convergence or we are experiencing path dependency. On the other hand it addresses ‘neo-Gramscian’ accounts which tend to overemphasise processes of transnational convergence and the emergence of a transnational capitalist class at the expense of the embeddedness of capital in national-domestic contexts. On this basis, it is argued that several contributions within political geography pose meaningful questions about the premise that neo-liberalism is inherently variegated. Principally, this involves developing the notion of variegated neo-liberalism to analyse the dynamics of a contingent neo-liberal consensus between transnationally-oriented fractions that both drives EU reform in a neo-liberal direction and reinforces domestic linkages organic to the national context. As a result, the article suggests we therefore reject the notion of a transnational capitalist class somehow detached from the national.
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