PAP 1301 Lecture Notes - Economic Regions Of Russia, Capital Control, Decision-Making
14 Dec 2013
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Document Summary
Governance has only become part of the regular vocab in the last 2 decades. The turn to governance reflects the change in the 1970s: crisis in how the state governs. Governments runs up to limits; governments less and less able to meet demands. End post-war era, golden age of capitalism (huge econ boom, wages above inflation) Profits fallen, bankruptcy; less wages to tax, less purchase, less consumption to tax. Citizens less and less confident in govt"s ability to provide services; faith in politics diminishes. Events such as nixon water gate diminishes confidence: rise of neo-liberalism in reaction to the above. The right saw this as a solution to what they saw as an overloaded state, believed in minimalist state. Elimination of capital control begins in the 70s (money moveable) Rise of free trade agreements state action is part of globlisn, but new layer of pressure from above nation states. Regional pressure from below the national state ie. independence movements.
