Capitalism

An Unsustainable Future?

By: Malcolm Sawyer (Editor), Jonathan Michie (Editor)

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eText | 30 March 2022 | Edition Number 1

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The four decades of neoliberalism, globalisation and financialisation have produced crises - financial and pandemic - and rising inequality. The climate emergency threatens the future of the planet. This book explores many dimensions of the background to these crises. There is the development of policy agendas to address the climate emergency. The rise in inequality is studied in terms of impacts of financialisation and the relationships between growth and inequality. The record of the neoliberal experiment in the USA is critically examined. The roles of financial institutions including public banks and micro-finance are explored, as is the need for improved financial oversight in the Economic and Monetary Union. The growth of global value chains has been a major aspect of globalisation, and the question is examined of whether such chains provide a ladder for development. Globalisation has also featured trade imbalances and large capital flows, and their causes and effects are examined with respect to China and South Africa respectively.

This volume will be of great value to students, scholars and professionals interested in political economy, economic thought, climate change, sustainability and business studies.

The chapters in this book were originally published as a special issue of the journal, International Review of Applied Economics.