Cover -- Half-title -- Series-title -- Title -- Copyright -- Contents -- Figures -- Tables -- Contributors -- Preface -- 1 Introduction: bringing domestic institutions back in -- Globalisation as constraint: the standard view -- The 'globalisation-as-constraint' school -- The propositions -- Critical responses (I): delimiting the constraints -- Critical responses (II): measuring interdependence -- Beyond measurement -- The enabling face of globalisation -- A domestic institutions approach -- The nature of institutions -- Institutional consequences -- The conditions and outcomes of institutional change -- Propositions of this study -- Notes -- Part I The resilience of welfare states -- 2 Disappearing taxes or the 'race to the middle'? Fiscal policy in the OECD -- Disappearing national taxes and declining government expenditures? -- Disappearing direct taxes and a shifting of the tax burden from direct to indirect taxation? -- Disappearing capital taxes and a shifting of the tax burden from capital to labour? -- Disappearing corporate income taxes? -- National convergence, tax competition, and the 'race to the bottom', or national divergence, 'negotiated accommodations'… -- Conclusion: the twin myths of capital's victory over state fiscal capacity, and the state's victory over global capital -- Notes -- 3 Withering welfare? Globalisation, political economic institutions, and contemporary welfare states -- Globalisation and the welfare state -- Embedded liberalism and the welfare state -- Welfare regimes and political economic institutions -- Welfare states and production regimes -- The political consequences of national institutions for welfare reform -- Globalisation, political institutions, and welfare state structures -- Globalisation, social welfare reform, and varieties of capitalism.

Globalisation, varieties of capitalism, and welfare state reform: a test -- Conclusion -- Appendix -- Data sources -- Notes -- 4 Globalisation and social security expansion in East Asia -- Globalisation and social security -- Social security programmes -- Korea -- Taiwan -- Singapore -- Domestic politics and social security -- Korea -- Taiwan -- Singapore -- Conclusion -- Note -- Part II New economic challenges, changing state capacities -- 5 France: a new 'capitalism of voice'? -- French developmentalism -- Structural change in the international political economy as cause of liberalisation in france -- Liberalisation within the discursive framework of developmentalism -- A capitalism of voice? -- Notes -- 6 The challenges of economic upgrading in liberalising Thailand -- Weaknesses of the new Washington consensus -- Outcomes/economic transformation -- External context -- Policies -- Institutions -- Thai economic growth: sources and constraints -- Explaining Thai performance -- Sources of growth - static efficiency and structural change -- Constraints to growth - upgrading problems -- Responses to the crisis -- Conclusion -- Notes -- 7 Building institutional capacity for China's new economic opening -- Introduction: is China a neoliberal state in the making? -- Economic openness and the decline of the old form of state power -- Economy and state power before 1979 -- Open policy and economic decentralisation -- The decline of the old form of state capacity -- Economic openness and the rise of new state capacities -- Managing economic openness at local level -- Managing macroeconomy and central-local relations under economic openness -- Managing economic openness at the centre -- Conclusion: is China a developmental state in the making? -- Notes -- 8 New regimes, new capacities: the politics of telecommunications nationalisation and liberalisation.

Regional and national trajectories of nationalisation -- Resolving the paradox of nationalisation -- Trajectories of telecommunications liberalisation -- The paradox of liberalisation -- Conclusions -- Notes -- 9 Ideas, institutions, and interests in the shaping of telecommunications reform: Japan and the US -- Telecommunications reform in the US -- Telecommunications reform in Japan -- State capabilities -- Conclusion -- Notes -- 10 Diverse paths towards 'the right institutions': law, the state, and economic reform in East Asia -- Common law and civil law -- Japan: informality, administrative guidance, and 'rule-by-law' -- Have law, will travel: Korea learns from Japan -- More like them: common law 'looks East' -- Conclusion: the right institutions -- Part III Governing globalisation -- 11 Managing openness in India: the social construction of a globalist narrative -- The roots of nationalist globalism: civilisational grandeur -- Globalism and 'hegemonic rivalry' with China -- 'India's due': from normative claims to material capabilities -- Managing openness rhetorically: the use of nationalist globalism -- Conclusions: the success of nationalist globalism -- Notes -- 12 Guiding globalisation in East Asia: new roles for old developmental states -- Developmental capitalism in Taiwan and Korea -- Korea: relinquishing and retrieving state capacity -- The unravelling of 'Korea Inc.' prior to 1997 -- Corporate restructuring in post-crisis Korea -- Reregulating the financial sector -- State transformation in Korea: the prince who leaps like a frog -- Taiwan: globalisation challenges, state capacity enhancement -- Adjusting to currency appreciation -- Managing the impact of the WTO -- Regulating international financial flows -- Conclusion -- Notes -- 13 Governing global finance: financial derivatives, liberal states, and transformative capacity.

Derivatives, globalisation, and risk -- Types of derivatives -- Derivatives and globalisation -- Derivatives and risk -- Summary -- State capacity and derivatives markets -- The United Kingdom -- The United States of America -- Global governance initiatives -- Conclusion -- Notes -- 14 Is the state being 'transformed' by globalisation? -- The impacts of globalisation on governance - room to move -- Taxation -- Social welfare -- Industrial governance -- Institutional mediation of the global -- Institutional conditions that blunt or sharpen impacts of interdependence -- The mediating power of social norms -- Elite cohesion, institutional persistence, and change -- Institutions versus interdependence? -- Impacts of globalisation on institutional change -- State power: from statism to governed interdependence -- Specifying the conditions of state power transformation under globalisation -- The character of global markets -- The character of the competitive problem -- The character of existing domestic institutions -- Is the state being 'transformed' by global markets? -- Notes -- References -- Index.