Toward a Political Economy of Regime Values, Ethics, and Institutions in a Context of Globalization and Hypermodernity

• Author: Guy B. Adams,Danny L. Balfour
• Published date: 01 March 2014
• Date: 01 March 2014
• DOI: http://doi.org/10.1177/0095399713515875
• Subject Matter: Articles

Administration & Society

2014, Vol. 46(2) 131 –140

© The Author(s) 2013

DOI: 10.1177/0095399713515875

aas.sagepub.com

Article

Toward a Political

Economy of Regime

Values, Ethics, and

Institutions in a Context

of Globalization and

Hypermodernity

Guy B. Adams1 and Danny L. Balfour2

Abstract

In this article, we discuss the recent ascendancy of the market state and its

consequences for regime values, ethics, and institutions. Three types of market

states—entrepreneurial, managerial, and mercantile—are outlined, along with

their primary ethical basis and associated public values. We then turn to a

discussion of globalization and hypermodernity, which we argue characterize

the current global cultural context. Difficult as it may be to imagine, we suggest

that a global response is likely the only way to address worldwide governance

challenges and offer three trajectories that—even if vigorously pursued—

seem likely only to ameliorate our global challenges at best.

Keywords

regime values, ethics, institutions

Globalization and hypermodernity have accelerated changes in governance

arrangements worldwide, such that networks, contracting, and cross-sector

partnerships have become ubiquitous across all sectors (Osborne, 2010).

1University of Missouri, Columbia, USA

2Grand Valley State University, Allendale, MI, USA

Corresponding Author:

Guy B. Adams, University of Missouri, 216 Middlebush Hall, Columbia, MO 6521, USA.

Email: Adams@missouri.edu

515875AASXXX10.1177/0095399713515875Administration & SocietyAdams and Balfour

research-article2013