Introduction: Brexit and European Capitalism—A Parting of the Waves?

  • Colin HayEmail author
  • Daniel Bailey
Part of the Building a Sustainable Political Economy: SPERI Research & Policy book series (SPERIRP)


In the early 1990s it was de rigueur to argue that the challenge of competitiveness in an age of ever greater economic interdependence was likely to put pay to the institutional diversity of capitalism itself, certainly in the western world. Globalisation, in other words, was an agent of convergence like no other—driving down taxation, regulation and welfare spending.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Centre d’études européennesSciences PoParisFrance
  2. 2.Political Economy CentreUniversity of ManchesterManchesterUK

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