This interdisciplinary book examines comparative business systems, institutions, and practices by looking at current developments between firms, nations, and markets in an increasingly globalized world and in the context of the recent financial crises.

Glenn Morgan is Professor of International Management at Cardiff Business School. He was previously Professor of Organizational Behaviour at Warwick Business School. He is a visiting Professor at the Department for Business and Politics at Copenhagen Business School. He was editor of the journal Organization from 2003-8.
Richard Whitley is Emeritus Professor of Organizational Sociology at Manchester Business School, University of Manchester. Recent authored and edited books include: Reconfiguring Knowledge Production (2010), Business Systems and Organizational Capabilities (2007), Changing Capitalisms? (2005), The Multinational Firm (2001), Divergent Capitalisms (1999) (all published by Oxford University Press), and Competing Capitalisms (2002) (Edward Elgar). He has edited two special issues of Organization Studies, one on The Dynamics of Innovation Systems (2000) and one on Institutions, Markets and Organisations (2005). In 1998-99 he served as the Chair of the European Group for Organizational Studies and in 1999-2000 was the President of the Society for the Advancement of Socio-economics. In 2007 he was elected a Foreign Member of the Royal Swedish Academy of Letters, History, and Antiquities.

• 1: Glenn Morgan and Peer Hull Kristensen: Theoretical Contexts and Conceptual Frames for the Study of Twenty-First Century Capitalisms


• Section 1: Political Authority and the Nation State in Twenty-First Century Capitalism


• 2: Francesco Duina: Trading Blocks in the Twenty-First Century: Complexity and Consequences


• 3: Ben Clift and Cornelia Woll: The Revival of Economic Patriotism


• 4: Colin Crouch: National Varieties of Labour Market Exposure


• Section 2: The International Context of Economic Organization


• 5: Glenn Morgan and Michel Goyer: Is there a Global Financial System? The Locational Antecedents and Institutionally Bounded Consequences of the Financial Crisis?


• 6: Volkmar Gessner: Enabling Global Business Transactions: Relational and legal mechanisms


• 7: Marie-Laure Djelic and Sigrid Quack: Transnational Governance through Standard Setting: The role of transnational communities


• 8: Andrew Tylecote: Innovation versus Going South: A Strategic Challenge for Capitalism in the Early Twenty-First Century


• Section 3: The Organization of Firms and Markets in Twenty-First Century Capitalism


• 9: Richard Whitley: Internationalization and the Institutional Structuring of Economic Organization: Changing Authority Relations in the Twenty-First Century


• 10: Steven Casper: Public Research Systems, Career Structures, and the Commercialization of Academic Science in Different Capitalisms


• 11: Jennifer Bair and Matthew Mahutga: Varieties of Offshoring? Spatial Fragmentation and the Organization of Production in Twenty-First Century Capitalism


• 12: Grahame Thompson: What is Happening to Corporations and What of their Future?


• 13: Ruth Aguilera, Luiz Ricardo Kabbach de Castro, Jun Ho Lee, and Jihae You: Corporate Governance in Emerging Markets


• 14: Barbara Krug: Political Embeddedness in China: Strengths and Limitations