Debating Varieties of Capitalism

A Reader

Author: Bob Hancké

Publisher: Oxford University Press on Demand

ISBN: 0199569673

Category: Business & Economics

Page: 334

View: 9591

Hall and Soskice's Varieties of Capitalism (VoC) has become a seminal text across the social sciences in the debate about political-economic models. Here, Bob Hancké presents the key readings on VoC, including the original Hall and Soskice introduction, showing how these ideas have changed the way we look at comparative political economy.
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Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall

Publisher: Oxford University Press

ISBN: 0199247749

Category: Business & Economics

Page: 540

View: 3342

What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offersnew explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as tomany others with interests in international relations, social policy-making, and the law.
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The Future of Capitalism After the Financial Crisis

The Varieties of Capitalism Debate in the Age of Austerity

Author: Richard Westra,Dennis Badeen,Robert Albritton

Publisher: Routledge

ISBN: 1317935543

Category: Business & Economics

Page: 232

View: 8449

The Future of Capitalism After the Financial Crisis: The Varieties of Capitalism Debate in the Age of Austerity contains thirteen world leading political economists writing from within eight different countries who critically analyze the current crisis tendencies of capitalism both globally and in particular countries. Given the likelihood of an increasingly crisis prone future for capitalism, it is important not only to rethink capitalism in its current manifestations or varieties. It is also important to rethink research methods and conceptual frameworks in preparation for understanding an increasingly rocky future in which capitalism itself could go the way of the many species that in the past were endangered only to become extinct. More and more titles of books and articles are suggesting that capitalism or perhaps civilization itself is endangered if we do not make radical changes in the near future. This book breaks with academic path dependency and attempts to open new vistas of political economy and of multidisciplinary analysis that are crucially important if our thought processes are to be effective in a world in jeopardy. The varieties of capitalism (VoC) debate itself came into being as the Soviet Union unraveled. It drew in scholarship from a cross-section of Marxian and heterodox political economy. The key argument of VoC was that if capitalism was the only global option then those on the Left must get involved in policy discussions on how capitalist economies can be fashioned to become competitive as well as progressive. However, the financial crisis has seen policy across the advanced economies veer toward competitiveness coupled with austerity. The lesson for the Left is that alternatives to capitalism must be sought in the here and now.
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Beyond Varieties of Capitalism

Conflict, Contradictions, and Complementarities in the European Economy

Author: Bob Hancké,Martin Rhodes,Mark Thatcher

Publisher: Oxford University Press

ISBN: 0199206481

Category: Business & Economics

Page: 438

View: 4139

This edited work critically analyses developments in European Political Economy and their effects on the continental European economies. Leading political economists from Europe and the United States consider how the influential 'Varieties of Capitalism' approach can help us understand these challenges.
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Varieties of Capitalism, Varieties of Approaches

Author: D. Coates

Publisher: Springer

ISBN: 0230522726

Category: Political Science

Page: 300

View: 5353

Though the emerging sub-discipline of comparative political economy is now rich in studies of different advanced capitalisms, it still lacks a systematic consideration of the organizing frameworks and methodologies underpinning those studies. This definitive volume outlines the two great debates currently shaping the analysis of advanced capitalism. It makes the case for a greater awareness of underlying theoretical issues in the design of empirical research, and demonstrates the value of exploring the interconnections between competing intellectual approaches.
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Varieties of Capitalism in Asia

Beyond the Developmental State

Author: David Hundt,Jitendra Uttam

Publisher: Springer

ISBN: 1349589748

Category: Political Science

Page: 283

View: 8209

This book devises an innovative new way of explaining how socioeconomic orders shape capitalism in Asia. Hundt and Uttam go beyond both the ‘varieties of capitalism’ approach, which is mainly used to analyse Western capitalism, and the 'developmental state' thesis, which is the primary framework for analysing capitalism in Asia, and propose a new and innovative approach to the emergence of capitalist systems. Rather than focusing solely or predominantly on the state, they argue, it is necessary to bring society back in to an analysis of capitalism. The authors apply this approach to case studies from across the region: Japan; South Korea and Taiwan; Hong Kong and Singapore; Malaysia and Thailand; and India and China. This volume will appeal to historians, political scientists and economists, as well as policymakers, who are interested in the transformation of the Asian region since World War II.
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Varieties of Capitalism and Business History

The Dutch Case

Author: Keetie E. Sluyterman

Publisher: Routledge

ISBN: 1317665325

Category: Business & Economics

Page: 232

View: 9050

The financial crisis of 2008 brought new urgency to the question how best to organise national economies. This volume gives a business history perspective on the Varieties of Capitalism debate and considers the respective merits of the liberal and coordinated market economies. It looks at individual firms and business people as well as institutions and takes a long-term perspective by covering the whole 20th century. The authors examine both continuity and change with a particular focus on the Netherlands, a nation with an open economy, situated between two countries that oppose each other in the way they organize their economies: Germany and Great Britain. The Netherlands also provides an important case study with Dutch business maintaining strong links to the United States, widely considered to be the ‘typical’ liberal market economy. Contributors address the main topics of the capitalism debate, including labour relations, corporate governance, the firm and its leaders, coordination between firms, innovation, multinationals as agents of change, and economic performance. They show that the Netherlands moved from a mostly liberal market economy before 1914 towards a coordinated market economy from the 1930s onwards, and – up to a certain extent – back again to a more liberal market economy. Under both varieties of capitalism the country experienced economic growth and stagnation, but a more equal division of wealth occurred in the coordinated market economy only. Wars and international economic crises offered moments for revaluation and changes of tack. This book raises questions for every country around the globe: How is change being brought about? Can one see different results from a liberal or a more coordinated market economy? And most critically: which system is more effective in bringing prosperity and enabling enough people to share in the wealth?
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Varieties of Liberalization and the New Politics of Social Solidarity

Author: Kathleen Thelen

Publisher: Cambridge University Press

ISBN: 1107053161

Category: Political Science

Page: 282

View: 943

This book examines contemporary changes in labor market institutions in the United States, Germany, Denmark, Sweden, and the Netherlands, focusing on developments in three arenas - industrial relations, vocational education and training, and labor market policy. While confirming a broad, shared liberalizing trend, it finds that there are in fact distinct varieties of liberalization associated with very different distributive outcomes. Most scholarship equates liberal capitalism with inequality and coordinated capitalism with higher levels of social solidarity. However, this study explains why the institutions of coordinated capitalism and egalitarian capitalism coincided and complemented one another in the "Golden Era" of postwar development in the 1950s and 1960s, and why they no longer do so. Contrary to the conventional wisdom, this study reveals that the successful defense of the institutions traditionally associated with coordinated capitalism has often been a recipe for increased inequality due to declining coverage and dualization. Conversely, it argues that some forms of labor market liberalization are perfectly compatible with continued high levels of social solidarity and indeed may be necessary to sustain it.
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The Oxford Handbook of Business and Government

Author: David Coen,Wyn Grant,Graham Wilson

Publisher: Oxford University Press

ISBN: 0199214271

Category: Business & Economics

Page: 787

View: 4790

This text provides an introduction to the ways in which five different disciplines have approached the study of business and government. It examines how business interacts with government in different parts of the world, including the United States, the EU, China, Japan and South America.
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How Institutions Evolve

The Political Economy of Skills in Germany, Britain, the United States, and Japan

Author: Kathleen Thelen

Publisher: Cambridge University Press

ISBN: 1139456199

Category: Political Science

Page: N.A

View: 9455

The institutional arrangements governing skill formation are widely seen as a key element in the institutional constellations defining 'varieties of capitalism' across the developed democracies. This book explores the origins and evolution of such institutions in four countries - Germany, Britain, the United States and Japan. It traces cross-national differences in contemporary training regimes back to the nineteenth century, and specifically to the character of the political settlement achieved among employers in skill-intensive industries, artisans, and early trade unions. The book also tracks evolution and change in training institutions over a century of development, uncovering important continuities through putative 'break points' in history. Crucially, it also provides insights into modes of institutional change that are incremental but cumulatively transformative. The study underscores the limits of the most prominent approaches to institutional change, and identifies the political processes through which the form and functions of institutions can be radically reconfigured over time.
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The New Geography of Capitalism

Firms, Finance, and Society

Author: Adam D. Dixon

Publisher: Oxford University Press

ISBN: 019966823X

Category: Business & Economics

Page: 192

View: 5654

Globalization is a dominant feature and force in the contemporary world, impacting all areas of business, economics, and society. This accessibly written overview of contemporary capitalism shows how the development of global supply chains, the global division of labour, and, in particular, the globalization of financial markets have become the drivers of this process, and assesses the consequences. Wide-ranging, accessibly written, and inter-disciplinary, thisshort book is a most useful guide for researchers and students across the social sciences.
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Culture and Consensus in European Varieties of Capitalism

A "Common Sense" Analysis

Author: I. Bruff

Publisher: Springer

ISBN: 0230583431

Category: Political Science

Page: 195

View: 1498

Using two milestones in the Dutch and German political economies - Wassenaar and Alliance for Jobs respectively - this book argues that Antonio Gramsci's 'common sense' provides us with the conceptual apparatus necessary for analysing the integral role played by culture and consensus in the trajectories of national capitalisms in Europe.
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The Varieties of Capitalism Paradigm

Explaining Germany's Comparative Advantage?

Author: Matthew Allen

Publisher: Palgrave Macmillan

ISBN: 9781403995261

Category: Business & Economics

Page: 184

View: 932

How do the environments in which businesses operate condition their success or failure? Such questions have long been of interest in the fields of business, economics and politics. They have gained in importance as a result of heightened competitive pressures associated with "globalization". While some see certain institutions as burdens, others see them as a blessing. This book thoroughly examines the main claims of the most important contribution--the Varieties of Capitalism paradigm--to this debate in recent years.
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Intelligent Research Design

A Guide for Beginning Researchers in the Social Sciences

Author: Bob Hancké

Publisher: Oxford University Press

ISBN: 0199570787

Category: Psychology

Page: 142

View: 8447

This book offers advice to beginning doctoral researchers and advanced graduate students on how to embark on their research. Based on a decade of teaching early-stage researchers in the social sciences at the LSE and other universities, and written with the central problems that starting researchers face in mind, it guides them through the process of thinking about the links between theory, cases and data. This lively book, which is deliberately kept jargon-freeand adopts a hands-on approach to research design, addresses the problems that research students face - or ignore, often at their peril - in the course of their first few years. Its central message is that research is a complex and iterative process in which researchers construct every relevant partof their project with one goal in mind: make a convincing argument. The Appendix gives tips on presenting and discussing papers, and on crafting research proposals.
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Hierarchical Capitalism in Latin America

Author: Ben Ross Schneider

Publisher: Cambridge University Press

ISBN: 1107041635

Category: Business & Economics

Page: 237

View: 1300

This book argues that Latin America has a distinctive, enduring form of hierarchical capitalism characterized by multinational corporations, diversified business groups, low skills, and segmented labor markets. Over time, institutional complementarities knit features of corporate governance and labor markets together and thus contributed to institutional resiliency. Political systems generally favored elites and insiders who further reinforced existing institutions and complementarities. Hierarchical capitalism has not promoted rising productivity, good jobs, or equitable development, and the efficacy of development strategies to promote these outcomes depends on tackling negative institutional complementarities. This book is intended to open a new debate on the nature of capitalism in Latin America and link that discussion to related research on comparative capitalism in other parts of the world.
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Models of Capitalism in the European Union

Post-crisis Perspectives

Author: Beáta Farkas

Publisher: Springer

ISBN: 1137600578

Category: Political Science

Page: 541

View: 8521

This book uses comparative economic analysis to provide a common conceptual framework for all current European Union member states. Based on empirical investigation, the author identifies the Nordic, North-western, Mediterranean, and Central and Eastern models of capitalism on the threshold of the 2008 global financial and economic crisis. The chapters also examine the resulting institutional responses to the crisis and the methods of crisis management adopted by each member state. The analysis reveals that the crisis has not triggered radical institutional change but, instead, highlighted deep institutional differences not between the old and new member states, but between the Nordic, North-western, Mediterranean, and Central and Eastern European countries. These institutional differences are so significant that they require the rethinking of European integration theory. Models of Capitalism in the European Union serves as a useful handbook for academics, advanced students, policy-makers and advisors who are interested in European economic issues.
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Varieties of Capitalism in Spain

Remaking the Spanish Economy for the New Century

Author: Sebastián Royo

Publisher: Palgrave Macmillan

ISBN: 9781403964120

Category: Political Science

Page: 268

View: 4950

Is globalization forcing "non-coordinated market economies," such as Chile, Mexico, Spain, and Portugal, to converge on an Anglo-American model? What explains national differences in social and economic policies? While theories of comparative economic advantage have dominated discussions of international trade, this book seeks to build on the hypotheses generated by the recent literature on "varieties of capitalism" to demonstrate the impact that institutions have on the national economic policy patterns of these countries.
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Capitalisms Compared

Author: Lars Mjoset,Tommy H. Clausen

Publisher: Elsevier

ISBN: 0762313137

Category: Business & Economics

Page: 409

View: 4117

Over the last decade, political economists and other macro-oriented scholars have increasingly focused on the comparative specificities of distinct capitalist systems. Mostly, these systems are studied as national systems. Such models of capitalism are often studied with reference to various institutional dimensions: financial systems, labour relations, welfare state institutions, corporate governance, economic policy making, etc. This volume brings innovative and synthetic contributions combining as many as these institutional dimensions as possible. The issue contains papers by Robert Boyer, A. Tylecote & F. Visintin, Chris McNally & William Lazonick. It also contains a special section based on a contribution by Michael Shalev, 'Limits and alternatives to multiple regression in comparative political economy', which addresses techniques of analysing the variety of political-economic constellations in a methodological way. Shalevs views are critically scrutinized by a number of leading scholars, including Charles Ragin, Ro Rothstein, Gosta Esping-Andersen, Jonas Pontusson and others. This book series is available electronically online.
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Capitalist Diversity on Europe's Periphery

Author: Dorothee Bohle,Béla Greskovits

Publisher: Cornell University Press

ISBN: 0801465222

Category: History

Page: 304

View: 7476

With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004. Bohle and Greskovits show that the postsocialist states have established three basic variants of capitalist political economy: neoliberal, embedded neoliberal, and neocorporatist. The Baltic states followed a neoliberal prescription: low controls on capital, open markets, reduced provisions for social welfare. The larger states of central and eastern Europe (Poland, Hungary, and the Czech and Slovak republics) have used foreign investment to stimulate export industries but retained social welfare regimes and substantial government power to enforce industrial policy. Slovenia has proved to be an outlier, successfully mixing competitive industries and neocorporatist social inclusion. Bohle and Greskovits also describe the political contention over such arrangements in Romania, Bulgaria, and Croatia. A highly original and theoretically sophisticated typology of capitalism in postsocialist Europe, this book is unique in the breadth and depth of its conceptually coherent and empirically rich comparative analysis.
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The Political Economy of the Service Transition

Author: Anne Wren

Publisher: Oxford University Press

ISBN: 0199657289

Category: Business & Economics

Page: 334

View: 2156

Over the past four decades, the world's most developed economies (in Europe, North-America, and Australasia) have faced massive structural change. Industrial sectors, which were once considered the economic backbone of these societies, have shrunk inexorably in terms of size and economic significance, while service sectors have taken over as the primary engines of output and employment expansion. This book is a systematic attempt to understand this transition andits profound implications for the economy, politics, and society, with a central focus on job creation and destruction.
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