In the wake of Maastricht, neoliberalism and deregulation have come to dominate national and international political economy. Political Economy of Modern Capitalism addresses this convergence and provides a comprehensive overview for the future of capitalist diversity. Leading international contributors consider important questions such as:

Is the preference for free markets a well- founded response to intensified global competition?

Does this mean that all advanced societies must all converge on an imitation of the United States?

What are the implications for the institutional diversity of the advanced economies?

How do we now evaluate the Japanese model?

This major book provides a practical and informed analysis of the public policy choices facing governments and business around the world. It will be invaluable reading for students and researchers of political economy, comparative politics, political science, political sociology, public policy and administration.