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Global indicators of state's performance have grown exponentially over the last three dec-ades. Issues such as economic freedom, competitiveness, property rights, business environment, credit-worthiness, democracy, governance, transparency and media freedom have become central topics of several global benchmarks focused on the evaluation of the state. The objective of this paper is to analyze the reasons behind this phenomenon, investigating the role of those global indicators in world politics and the shaping of an "ideal state". In the first section, the study emphasizes that the global diffusion of rankings and ratings is primarily linked to the rise of neoliberalism. Drawing on Michel Foucault's work on governmentality, global indicators are conceived as specific apparatuses of neoliberal rationality that help to conform states' polities and policies to the twin neoliberal principles of competitiveness and en-trepreneurship. The second section describes the often contradictory construction of the neoliberal com-petition state. Then the study analyzes how the neoliberal state is forged by global indicators. Specifically, the paper focuses on the Global Competitiveness Index by the World Economic Forum. The article ends with some concluding remarks on the power of global indicators and some suggestion for future research.

Are democracy and capitalism incompatible? In the end, this is the crucial question of Buying Time: The Delayed Crisis of Democratic Capitalism1 by Wolfgang Streeck. According to the author, the present economic, financial, and public debt crisis is just the last chapter of the intricate relationship between democracy and capitalism.

AbstractTechnocracy is becoming increasingly relevant in Western democracies and particularly in Italy, a country characterised by four technocratic governments in three decades. Despite the growing number of dedicated studies, there is a persistent gap in the existing literature concerning the discursive dimension of technocracy – namely, how technocrats frame the historical context, legitimise their policy agendas and, more broadly, the establishment of their governments. This study aims to fill this gap by analysing the speeches given by four Italian technocratic Prime Ministers to the parliament when asking for the vote of confidence. Methodologically, we perform first the content analysis to map the themes addressed in the speeches, their quantitative relevance and variation over time. Then, we turn to critical discourse analysis to understand the specific argumentative strategies that legitimise policy action in five key and interrelated dimensions: context, legitimation, the state, European Union and political economy. The analysis seeks to answer three research questions: What are the main discursive strategies of legitimation used by technocrats? Do they change significantly between governments and over time? Do partisan policy options and worldviews emerge clearly, or do they remain under the surface? The paper aims to contribute to the theoretical conceptualisation and empirical analysis of technocracy by highlighting the subjective, performative and overall political dimensions of the phenomenon.

Technocracy is one of the main issues in contemporary social sciences scholarship. While many authors have written on, among others themes, the rise of technocracy, the concept and definition of technocracy, or the typologies of technocratic governments, the specific question of the relation between technocracy (and technocrats) and state transformations has been less explored. Through the study of the Italian case, we analyze the role of technocrats in three critical junctures (since the early 1980s to the present), and in light of the intertwined process of state transformation and neoliberalization. The paper thus provides for a long-term analysis of technocracy and the state, asking when, how, and in what conditions technocrats not only came to hold top-government positions, but also concurred to redefine intra-state institutional relations especially as regards the strengthening of executive power.

This article seeks to contribute to the analyses of the impact of the Covid-19 on the global political economy. It does so through a qualitative content analysis of the key policy documents published by the International Monetary Fund (IMF) since the outbreak of the pandemic crisis. The IMF has been, historically, one of the main designers of international macroeconomic governance. The paper focuses on fiscal policy, which retains a central place in the strategy of the IMF to deal with the pandemic and especially for the post-pandemic recovery phase. The analysis of the documents of the IMF contributes (i) to appreciate the interpretation of the nature of the pandemic crisis through the lenses of a prominent international financial institution, (ii) to explore the policy strategy outlined to deal with the pandemic emergency, (iii) to assess possible changes at the level of policy, and accordingly, future directions in global political economy. Evidence suggests that fiscal stimulus, public investment and planning will likely have a prominent position in the future directions of the IMF policy advice.