International Regulation, Integration and Fragmentation in the World Economy

Abstract

In the 1970s the ‘oil crisis’ made it impossible for Parisian theory to avoid confronting the problem of integrating international relations in its account of the crisis of Fordism. The task was all the more urgent because of the widely held view that attributed the crisis of the advanced capitalist crisis to this exogenous shock. Few called into question the Fordist growth model itself, while a common expectation was that once adjustments to the ‘oil shocks’ were completed, growth would resume.