Globalisation, the crisis and the state: Introduction

John H. Farrar*, David G. Mayes

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

1 Citation (Scopus)


The global financial crisis (GFC) has challenged much of conventional
wisdom. Our conception of globalisation has been called into question. In
particular, the Washington Consensus with its emphasis on deregulation
and the shrinking of the state has been undermined. Instead, the importance
of the state as regulator, investor and indeed economic saviour has
been emphasised. We need then to readdress the relationship between
globalisation, the crisis and the state, and this is the main objective of this

The purpose of this chapter is firstly to give an overview of the main
issues arising from the relationship between globalisation, the GFC and
the modern state, and secondly to outline the contents of the other
Original languageEnglish
Title of host publicationGlobalisation, the Global Financial Crisis and the State: Introduction
EditorsJohn Farrar, David G Mayes
Place of PublicationCheltenham, UK
PublisherEdward Elgar Publishing
Number of pages17
ISBN (Print)9781781009420
Publication statusPublished - 2013


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