Research

State-Market Relations for a Globalized Economy

April 8, 2006

This paper explores the relationship between government and society in an era of deindustrialization, globalization and rapid innovation.

The authors find that current protection for workers is inadequate, corporations are overburdened with the provision of services that should be a social responsibility, and the system, as inadequate as it is, lacks funding. We explore the feasibility of an expanded and more flexible set of social programs to promote innovative activity and technological change, to insure adequate investment in human capital, and to protect workers to a greater degree from the costs of technological change and global competition.

Authors: Jeff Madrick, William Milberg and Melissa Mahoney
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