After Neoliberalism: A Social Structure of Accumulation or Mode of Regulation for Global or Regional Performance?

Abstract

We examine the extent to which neoliberal or post-neoliberal forces have been generating a new global or regional social structure of accumulation (SSA) or mode of regulation (MOR) through enhancing growth, productivity and financial stability. After outlining the contours of neoliberalism and post-neoliberalism, the record of economic performance is reviewed over the 1950s-2000s. We conclude that highly advanced capitalist economies have mostly been undergoing regime maturation while numerous nations of Asia (especially China) have been transforming their SSAs or MORs. Neoliberal or post-neoliberal institutions must necessarily be supplemented by changes in many other areas for long wave upswing to emerge.