Globalization and institutional competitiveness
Version of Record online: 4 JUL 2007
2007 Blackwell Publishing Asia Pty Ltd
Regulation & Governance
Volume 1, Issue 3, pages 183–196, September 2007
How to Cite
Marcussen, M. and Kaspersen, L. B. (2007), Globalization and institutional competitiveness. Regulation & Governance, 1: 183–196. doi: 10.1111/j.1748-5991.2007.00014.x
- Issue online: 4 JUL 2007
- Version of Record online: 4 JUL 2007
- Accepted for publication 7 April 2007.
- institutional change;
- institutional competitiveness
Only dead institutions do not change and only rarely do institutions change by themselves. To maintain performing institutions takes institutional entrepreneurs who are willing to take risks and who possess the capacity and the talent to innovate. A regulation discourse, in contrast to a marketization discourse, would not picture the relationship between globalization and institutional change as a deterministic one. Rather, it would expect that all kinds of actors play a large number of different roles in the course of ongoing institutional change. The result of such complex institutional change, at the level of welfare states, multinational businesses, public administration, and training systems, to mention just a few of the empirical areas covered in this special issue, cannot be fully understood by applying an overly rigid, static, and dualistic approach to modern capitalist economies. The concept of institutional competitiveness, on the contrary, allows for institutional entrepreneurship and institutional hybrids constituting pulsating polities.