| ID | 088101 |
| Title Proper | Variegated neo-liberalism |
| Other Title Information | transnationally oriented fractions of capital in EU financial market integration |
| Language | ENG |
| Author | Macartney, Huw |
| Publication | 2009. |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | Review of International Studies Vol. 35, No.2; Apr 2009: p451-480 |
| Journal Source | Review of International Studies Vol. 35, No.2; Apr 2009: p451-480 |
| Key Words | Variegated ; Neo - Liberalism ; Transnationally Oriented Fractions ; EU ; Financial Market ; Integration |