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The Paradox of Vulnerability – States, Nationalism, and the Financial Crisis - Princeton Scholarship Online
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The Paradox of Vulnerability: States, Nationalism, and the Financial Crisis

John L. Campbell and John A. Hall


Why are small and culturally homogeneous nation-states in the advanced capitalist world so prosperous? Examining how Denmark, Ireland, and Switzerland managed the 2008 financial crisis, this book shows that this is not an accident. The book argues that a prolonged sense of vulnerability within both the state and the nation encourages the development of institutions that enable decision makers to act together quickly in order to survive, especially during a crisis. Blending insights from studies of comparative political economy and nationalism and drawing on both extensive interviews and second ... More

Keywords: 2008 financial crisis, Denmark, Ireland, Switzerland, political economy, nationalism, social solidarity, national prosperity, nation-states, immigration

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780691163260
Published to Princeton Scholarship Online: May 2018 DOI:10.23943/princeton/9780691163260.001.0001


Affiliations are at time of print publication.

John L. Campbell, author

John A. Hall, author
McGill University

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