Symposium Introduction: The Global Financial Crisis, Governance and Institutional Dynamics

Abstract

Global financial crisis, Governance, Institutions, Systemic failures and challenges, States, Markets, Civil societies,

The fiscal crisis in the health sector: Patterns of cutback management across Europe

“…Traditionally, the literature discusses specific features of public sector responses to recession or austerity times, such as cutback budgeting and termination of programmes, or leadership tactics for managing decline [12]. Interestingly, recent publications show a concern for the longer-term implications of the relationship between cuts and reforms, and discuss underlying issues in managing the new responsibilities of governments [1,2,13].…”

Local Governments Managing Austerity: Approaches, Determinants and Impact

“…The collapse of the US mortgage market in 2007 triggered a worldwide financial and economic crisis (hereafter: global crisis), which soon mutated from a private‐sector problem to a public‐sector problem (Kickert ; Lodge and Hood ; Posner and Sommerfeld ). Various researchers have provided an array of insights into the effects of this global crisis through their analyses of politicization, citizen trust, electoral results, centralization versus decentralization, the reallocation of competencies among civil society and public and private sectors, and long‐term resilience (Feldheim ; Moulton and Wise ; Peters and Pierre ; Schick ; Thynne ; Breunig and Busemeyer ; Pollitt ; Hastings et al ; Hood and Dixon ; Posner and Sommerfeld ). Several types of crisis management have been highlighted, according to the object of cuts and the approach adopted (Levine ; Weaver ; Pollitt ; Posner and Sommerfeld ; Raudla et al ).…”

Dynamics of public ownership and regulation

“…Several conceptions of the public sphere are now embraced and reflected in both theory and practice. They are apparent in the many and varied responses of governments around the world to the challenges of the GFC (Thynne 2011). They are reflected even more widely in the numerous ways in which governments, markets and communities intersect, with private power increasingly being exercised in the public interest, nationally and internationally (Hall andBiersteker 2002, Pattberg 2005).…”