The State-Capital Nexus in the Global Crisis ─ Rebound of the Capitalist State

In the wake of the outbreak of the global crisis in 2008, many observers expected the state to assume command over a faltering neoliberal finance-led model of capitalism. We now know that this expectation was by and large mistaken. There is indeed an ongoing re-calibration of the state-capital relations, but in many instances the state has become more actively and more deeply involved in extending the reach of markets rather than in constraining markets in the interests of an equitable response to the crisis.

This volume offers both theoretical perspectives and empirical studies by a selection of leading Critical International Political Economy scholars on the question how and to what extent we are witnessing a return of the state and a transition towards a new phase of global capitalism. The chapters cover a wide array of topics: from the rise of China and other emerging economies of the Global South, the role of state-owned enterprises such as Sovereign Wealth Funds and National Oil Companies and global environmental politics, to the role of labour in Europe and US grand strategy / foreign policy making in the post-Cold War period.

This book was published as a special issue of Globalizations.

Bastiaan van Apeldoorn. is Reader in International Relations at VU University Amsterdam. His research focuses on the link between state and social power within the changing global political economy. He is the author of multiple books amongst which Transnational Capitalism and the Struggle over European Integration (Routledge, 2002) and (with Nana de Graaff) American Grand Strategy and Corporate Elite Networks (Routledge, forthcoming).

Nana de Graaff is Lecturer in International Relations at VU University Amsterdam. Her main research interests are geopolitics and global governance of energy, corporate elite networks and US foreign policy. Recent publications have appeared in e.g. European Journal of International Relations, International Journal of Comparative Sociology and Global Networks.

Henk W. Overbeek is Professor of International Relations at VU University Amsterdam. His current interests are China’s rise and the European financial crisis. His most recent (co-edited) books are Neoliberalism in Crisis (Palgrave) and Globalisation and European Integration (Routledge). Recent articles appeared in Globalizations and The International Spectator.