Beyond Free Market: Social Inclusion and Globalization

This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. It proposes innovative approaches to address key questions on the contemporary global economy, such as whether the global socio-economic order is supportive of rational and enlightened self-interest, whether it is a unipolar power center and neoliberal economic policy regime, and whether the system can reinvent itself. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime.

\n Format: Paperback / softback
\n Length: 246 pages
\n Publication date: 19 May 2021
\n Publisher: Taylor & Francis Ltd
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This comprehensive book delves into the intricate dynamics of market failure in bridging societal gaps to establish a cohesive and equitable shared economy. It poses challenging questions about the current global order and assesses the socio-economic gains in light of the social foundations of economic agents. Recognizing the urgent need to harmonize economic growth with social equality and environmental sustainability, the book offers innovative solutions to address critical concerns on the contemporary global economy. These include examining whether the current global socio-economic system fosters the pursuit of rational and enlightened self-interest, whether it is dominated by a unipolar power center and a neoliberal economic policy regime, and whether the system has the capacity for self-renewal.

One approach advocated in the book suggests a return to the glory days, emphasizing the belief that history has come to an end and the failures of old global institutions can be attributed to the Clash of Civilizations. On the other hand, another approach encourages venturing beyond the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges, urging the academic community to engage in public discourse and raise new questions that resonate with the broader public.

The book meticulously examines the internal challenges and contradictions that lead to disintegration, proposing alternative ideas and practices to propel the global community beyond the confines of the free market regime. Its insights will be of immense value to students and scholars of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers who are committed to building a new egalitarian global society.

\n Weight: 378g\n
Dimension: 155 x 234 x 18 (mm)\n
ISBN-13: 9780367553333\n \n