ABSTRACT. As Hall and Soskice put it, more liberal trade and financial regimes have inspired vast new flows of goods and capital across national borders. Drezner maintains that while governments may receive benefits from the development of a single global standard, states will not prefer any global standard. Taylor and Mathers claim that, in many European countries, organized labor had an important social role as a corporate partner alongside capital and the state. Höpner and Schäfer argue that European economic integration has entered a new, post-Ricardian phase in which it systematically clashes with national varieties of capitalism.



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