There are few more vital contemporary questions for political scientists than those that emanate from the relationship between neo-liberalism, the exercise of state power, and the institutions and practice of global governance. Since the demise during the early 1970s of the first ‘Washington Consensus’ provided by the capital controls and fixed exchange rate system of the Bretton Woods international economic order, its neo-liberal successor has come to dominate the relationship between states and markets in both the industrialized and the industrializing economies. Policies of privatization, deregulation, and liberalization of markets have not only given entrepreneurs and trans-national corporations greater freedom to innovate and take risks in pursuit of profit, but also largely redrawn the boundaries between the public domain of the state and citizenship and the private domain of the market, entrepreneurship and consumerism.
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Lee, S., Mcbride, S. (2007). Introduction: Neo-Liberalism, State Power and Global Governance in the Twenty-First Century. In: Lee, S., Mcbride, S. (eds) Neo-Liberalism, State Power and Global Governance. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-6220-9_1
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