Confronting the new reality: Globalisation, the Global Financial Crisis and the State

John H. Farrar, Bond University
David Mayes, University of Auckland

Document Type News Article

Published version

Confronting the new reality: Globalisation, the Global Financial Crisis and the State. The World Financial Review, May/June, 4-7. ISSN: 0890-5177

Access the journal

© Copyright The World Financial Review, 2013

Abstract

Globalisation and the financial crisis have presented major challenges to orthodoxy. This article discusses the implications of these challenges for the role of the state across the globe and argues that it is high time to confront our theory with reality.