The financial crisis of 2008-2009 and the "Great Recession" that it precipitated highlight a number of important questions about the governance of contemporary capitalism. How do shortcomings in existing market governance institutions help to account for trends of rising economic inequality and financial instability? What new forms of market governance would better embody norms of stability, equality and justice? And how do present political conditions both constrain and enable possibilities for reform?

This volume brings together an array of leading thinkers to consider these pressing questions about market governance and its potential reform. Contributors combine in-depth empirical analysis with innovative explorations of alternative arrangements to consider challenges of market governance in advanced and developing countries, as well as global and regional organizations. 

New Visions for Market Governance will be of interest to students and scholars in a wide range of areas including international and comparative political economy, public and social policy, and normative social theory. 

chapter 1|15 pages

Re-thinking market governance

ByKate Macdonald, Shelley Marshall, Sanjay Pinto

chapter 2|12 pages

Financial markets

Masters or servants?
ByJohn Quiggin

chapter 3|15 pages

A development-friendly reform of the international financial architecture

ByJosé Antonio Ocampo

chapter 4|9 pages

Reforming international financial governance

ByRoss P. Buckley

chapter 5|15 pages

Sub-prime lending and microcredit

An uncomfortable analogy
ByJohn D. Conroy

chapter 6|14 pages


The global food and financial crises
BySandy Ross

chapter 7|13 pages

Embedded regionalism

ByJason Beckfield, Min Zhou

chapter 8|13 pages

Strengthening global economic governance

ByJohn Langmore, Shaun Fitzgerald

chapter 9|16 pages

From waning to emerging world order

Multipolarity, multilateralism and World Bank reform
ByRobert H. Wade

chapter 10|11 pages

Gender-equitable public policy

Challenges to policy design amidst contestations in a multi-polar world
ByMarina Durano

chapter 11|14 pages

Developmental globalization and equity-enhancing multilateralism

ByKevin P. Gallagher

chapter 12|13 pages

The “new” industrial policy

Securing the home market with subterfuge and SMEs
ByAlice Amsden

chapter 13|10 pages

Reframing labour market regulation after the financial crisis

The stimulus packages and new industrial policy
ByJohn Howe

chapter 14|18 pages

Productive democracy

ByJoel Rogers

chapter 15|11 pages

Always embedded neoliberalism and the global financial crisis

ByDamien Cahill

chapter 16|18 pages

Re-embedding the market

Beyond Adam Smith's dinner
ByCharles Sampford

chapter 17|5 pages

A concluding note

ByFrances Stewart