Download or read book Global Capital, Political Institutions, and Policy Change in Developed Welfare States written by Duane Swank and published by Cambridge University Press. This book was released on 2002-02-11 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that the dramatic post-1970 rise in international capital mobility has not systematically contributed to the retrenchment of developed welfare states as many claim. Nor has globalization directly reduced the revenue-raising capacities of governments and undercut the political institutions that support the welfare state. Rather, institutional features of the polity and the welfare state determine the extent to which the economic and political pressures associated with globalization produce Welfare state retrenchment.