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The dynamic role of state and nonstate actors: Governance after global financial crisis

The dynamic role of state and nonstate actors: Governance after global financial crisis
The dynamic role of state and nonstate actors: Governance after global financial crisis
In this article, we review the dynamic role of state and nonstate actors in governance. We first discuss the main arguments for and against the state being the main actor in governance in recent literature. Then, we review some of the literature about the changing role of state and nonstate actors in response to the 2007–08 global financial crisis from 2011 to 2015. The two themes under examination are, first, more control over financial markets and second, austerity measures. They illustrate different trajectories of governance that go beyond the now well‐established New Public Management paradigm of public sector reforms. Our review shows that no single actor provides the best mode of governance for all circumstances. Instead, governance is hybrid and dynamic. The mode of governance is dependent on the circumstances under which an actor is more capable of interacting with other actors to provide public services.
governance, delivery of public services, policy provision, financial crisis, austerity
1541-0072
S67-S81
Or, Nick H. K.
f49d5a87-3ed2-442c-a58e-a05f9ed4e7f9
Aranda Jan, Ana
4880fe48-661a-40fe-95fc-de3aca7dd5b3
Or, Nick H. K.
f49d5a87-3ed2-442c-a58e-a05f9ed4e7f9
Aranda Jan, Ana
4880fe48-661a-40fe-95fc-de3aca7dd5b3

Or, Nick H. K. and Aranda Jan, Ana (2017) The dynamic role of state and nonstate actors: Governance after global financial crisis. Policy Studies Journal, 45 (S1), S67-S81. (doi:10.1111/psj.12201).

Record type: Article

Abstract

In this article, we review the dynamic role of state and nonstate actors in governance. We first discuss the main arguments for and against the state being the main actor in governance in recent literature. Then, we review some of the literature about the changing role of state and nonstate actors in response to the 2007–08 global financial crisis from 2011 to 2015. The two themes under examination are, first, more control over financial markets and second, austerity measures. They illustrate different trajectories of governance that go beyond the now well‐established New Public Management paradigm of public sector reforms. Our review shows that no single actor provides the best mode of governance for all circumstances. Instead, governance is hybrid and dynamic. The mode of governance is dependent on the circumstances under which an actor is more capable of interacting with other actors to provide public services.

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2017-PSJ-GovernanceReview-final - Accepted Manuscript
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More information

Accepted/In Press date: 17 January 2017
e-pub ahead of print date: 18 May 2017
Published date: May 2017
Keywords: governance, delivery of public services, policy provision, financial crisis, austerity
Organisations: Social Sciences

Identifiers

Local EPrints ID: 407721
URI: http://eprints.soton.ac.uk/id/eprint/407721
ISSN: 1541-0072
PURE UUID: 11cc29b9-8022-4c2d-aa9b-8c3ce26cf990
ORCID for Nick H. K. Or: ORCID iD orcid.org/0000-0002-7020-2455

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Date deposited: 22 Apr 2017 01:13
Last modified: 27 Jan 2020 14:00

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