My hypothesis is that from 1980s onwards a neoliberal consensus emerged, favouring a liberal trade agenda and prescribing a reduced role for state actors in governing and managing socio-economic development.
The financial crisis of 2009 and now the Covid-19 pandemic have brought the state back in, bailing out financial institutions with public funds and ordering the closure of large parts of national economies (whilst subsidising income losses and keeping businesses afloat) - seemingly inconceivable developments 15 years ago.
I would be grateful for both: a) literature recommendations and b) further examples of state legislative intervention ('activism' particularly with regards to sustainability regulation and laws).
Many thanks in advance!
See Delbard, O. (2008), "CSR legislation in France and the European regulatory paradox: an analysis of EU CSR policy and sustainability reporting practice", Corporate Governance, Vol. 8 No. 4, pp. 397-405. https://doi.org/10.1108/14720700810899149
For all the change, there is surprisingly little literature on the issue since 2009. A review would be helpful.
Governments play a key role in achieving the development goals and targets through, for instance, setting and implementing water quality policy frameworks and standards, and regulating the discharge of pollutants into the environment, and wastewater management, recycling and reuse.
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