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      World Review of Political Economy

      Volume 1, Issue 2
       
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      CAPITALISM AFTER THE GREAT RECESSION: AGENDA FOR A NEW PROGRESSIVE DEVELOPMENT MODEL

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      Journal: World Review of Political Economy
      Publisher: Pluto Journals
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            Abstract

            In this article, it is argued that the Great Recession is none other than the collapse of the finance-led accumulation regime which is the core of the existing development model. Next, a new progressive development model is specified. Finally, an agenda for a new progressive development model is discussed. The core of a new progressive development model might be the knowledge-led accumulation regime (KLAR). The nature and macroeconomic circuit of the KLAR is specified. It is argued that if the KLAR is to be an economic base of the progressive development model in the 21st century, it should be embedded in the coordinated market economy and the green economy. As a major agenda of a new progressive development model, an economic safety net, social safety net, bottom-up economics, and flexicurity of labor market are proposed.

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            Author and article information

            Journal
            Journal ID (jstor): worlrevipoliecon
            Journal ID (doi): 10.2307/j50005553
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            Publication date (Print): 1 July 2010
            Volume: 1
            Issue: 2
            Pages: 226-237
            Article
            DOI: 10.2307/41942916
            SO-VID: bf13a80f-cfd9-4b1a-93c0-a43cd37b2239
            Copyright © © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2010
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            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Related

            ScienceOpen disciplines: Political economics

            Notes

            1. ILO 2009

            2. ILO 2009

            3. ILO 2009

            4. Hall and Soskice (2001)

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