In Entrepreneurial States, an innovative examination of the comparative politics of reform in stakeholder systems, Yves Tiberghien analyzes the modern partnership between the state and global capital in attaining structural domestic change. The emergence of a powerful global equity market has altered incentives for the state and presented political leaders with a "golden bargain" the infusion of abundant and cheap capital into domestic stock markets in exchange for reform of corporate governance and other regulatory changes.

Drawing on extensive archival research and...