Public Policy beyond the Financial Crisis : An International Comparative Study

As a result of the global financial crisis of 2008-2009, governments have started cutting back the state and public sectors, thus introducing methods that look suspiciously like those adopted under Reagan and Thatcher. This book uses innovative statistical methods to profile and group countries before and after the 2008-2009 crisis in order to show which countries are best prepared for the ongoing Euro crisis. Finally, Haynes proposes a new model of public policy that could provide long-term social and economic quality and stability.

This book evaluates the failures of public policy in the half decade before the crisis, using the conceptual framework of complex systems. This analysis reveals the fundamental failings of globalization and the lack of a robust and resilient public sector paradigm to assist countries in economic recovery. The research has benefited from UK Economic and Social Research Council (ESRC) funding for a Knowledge Exchange that applied the most relevant and applied aspects of complex systems theory to contemporary policy problems.

Innovative statistical methods are used to profile and group countries both before and after the 2008-09 crisis. This shows the countries that are best prepared for the ongoing and prolonged Euro zone crisis of 2010-12. The book proposes a new model of public policy that asserts itself over the paradigm of market liberalism and places the public values of full employment, sustainability and equality at the top of the post crisis policy agenda.