Bullettin n. 1/2011
June 2011
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Kincaid John
    The Global Financial Crisis: Continuity in U.S. Federalism
    in Europe en formation (L') , n. 358, hiver, 2010 ,  2010 ,  15-32
    This article describes briefl y the impacts of the U.S.-originated global fi nancial crisis on the national, state, and local governments in the United States and then examines the stimulative and regulatory responses to the crisis undertaken by the federal government under Presidents George W. Bush and Barack Obama, while highlighting the polarization between Democrats and Republicans over how best to respond to the crisis. Government efforts to rejuvenate the national economy have not been very successful. Unemployment is likely to remain high and economic growth is likely to be slow for the foreseeable future; however, the prospects for the future of fi scal federalism are gloomy. Nevertheless, thus far, the United States has responded to the crisis through the traditional institutions and practices of its federal system, and the crisis has not produced any signifi cant changes in the form or functions of American federalism.
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