Title: Neoliberal globalization: Workfare without welfare
Abstract: Abstract This article presents a critical review of capitalist variants, their historical foundations and functional perspectives, and the way they have been co-opted by contemporary neoliberalism. This is related to the twin strategies of industrial paths and social policies which set the scene for the different models and strategies to promote capitalism. Subsequently, the analysis attempts to provide a coherent understanding of the historical and contextual embeddedness of the differences between the various forms of capitalism. The focus is on the interactions of state, capital and labour in advanced societies in the context of the international system. The article contributes to establishing a specific typology by identifying differences and similarities between the two most successful variants of modern capitalism: the welfare state and the developmental state models. Finally, the counter-attack of neoliberalism and the need for alternatives to both the workfare and welfare models of capitalism are discussed. Acknowledgements The authors would like to thank Leo Panitch for useful comments and ideas. Additional informationNotes on contributorsJohannes Dragsbaek Schmidt Johannes Dragsbaek Schmidt is Associate Professor and Director of Studies at the Research Center on Development and International Relations (DIR) Aalborg University, Denmark. His research interests include international political economy, developmental sociology, and political and economic development models. Recent publications include co-editing (with Jacques Hersh) Globalization and Social Change (Routledge, 2000) and chapters contributed to Political Business in East Asia (Routledge, 2002) and Rethinking Development in East Asia: From Illusory Miracle to Economic Crisis (Curzon Press, 2002). Jacques Hersh Jacques Hersh is Professor Emeritus at the Research Center on Development and International Relations (DIR) Aalborg University, Denmark. His research focuses on development theory and international political economy. He is the author of Les Etats-Unis et l'ascension de l'Extrême-Orient depuis 1945—les dilemmes de l'économie politique internationale de l'après-guerre (L'Harmattan, 1998) and recent articles in Interdisciplinary Journal of International Studies and Competition & Change: The Journal of Global Business and Political Economy.