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Can you answer my question? DO NOT COPY WORD FOR WORD. DO NOT USE ANY WEBSITES TO ANSWER MY QUESTION. DO NOT PLAGIARIZE 4. Describe
Can you answer my question?
DO NOT COPY WORD FOR WORD. DO NOT USE ANY WEBSITES TO ANSWER MY QUESTION. DO NOT PLAGIARIZE
4. Describe Atlantic Fordism. According to the author, what are the four sets of economic changes that had a major impact on the dynamic of Atlantic Fordism?
Four sets of economic changes have had a major impact on the dynamic of Atlantic Fordism. These are: the rise of new core technolo- gies (which, though partly driven by changes beyond the capitalist economy, have been increasingly subordinated to the logic of accumu- lation); the shift from a Fordist to a post-Fordist paradigm for industrial (and service) organization (a paradigm shift that should not be confused with the successful realization of any such transition); growing interna- tionalization, transnationalization and globalization (a trend which partly returns the world economy, as Hirst and Thompson (1995) note, to the levels of interdependence prevailing in 1913 but which nonethe- less has a qualitatively quite different significance); and, linked to this third trend both as its mediation and as a partial counter-tendency, the rise of regional and local economies as key sites in the pursuit of inter- national systemic competitiveness. To these four trends one may also add the competitive threat allegedly posed by East Asian economies; and the increased salience of transnational ecological problems. Singly and together these factors have allegedly undermined the borders of the national state, thereby rendering it anachronistic, and exposed all national economies to an intensified and increasingly inescapable global competition that exerts downward pressure on production costs and a supposedly 'unproductive' public sector. These changes can be linked to the crisis of the postwar mode of growth in the economic space occupied by Atlantic Fordism, its associ- ated regional policies and growth pole strategies, and its characteristic mixed economy of welfare and social redistribution. As Wood (this journal, pp. 539-60) notes, it is hard to discern a marked discontinuity in the organization of the capitalist economy during the 1970s to 1990s (cf. Jessop, 1982). However, while the continuities are most obvious in capital-labour relations within the labour process, there are serious diffi- culties regarding the emergence of a new and stable accumulation regime as well as important discontinuities in modes of regulation and capitalism's articulation with the wider societal formation. I cannot consider the labour process or the problematic status of accumulation regimes here. Instead, I will focus on one important aspect of changing modes of economic regulation: the restructuring of the relationship between the political and economic spheres.
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