The Effects of Political Institutions on Varieties of Capitalism

Author: Matthew P. Arsenault

Publisher: Springer

ISBN: 331950892X

Category: Business & Economics

Page: 204

View: 2397

This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to nonmarket coordination mechanisms unlikely. Consensus institutions, on the other hand, promote an atmosphere of cooperation and coordination between actors, thus encouraging credible commitment to nonmarket coordination mechanisms. Qualitative case studies of Germany, Britain, and New Zealand confirm the quantitative findings and suggest that political regimes were instrumental in shaping the economic adjustment paths of these countries during the era of liberalization in the 1980s.
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Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall,David Soskice

Publisher: OUP Oxford

ISBN: 0191647705

Category: Business & Economics

Page: 570

View: 3865

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, offers new 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 to many others with interests in international relations, social policy-making, and the law.
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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: 919

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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Re-Forming Capitalism

Institutional Change in the German Political Economy

Author: Wolfgang Streeck

Publisher: OUP Oxford

ISBN: 0191614459

Category: Business & Economics

Page: 320

View: 2548

Wolfgang Streeck has written extensively on comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and the recurrent difficulties of restraining the effects of capitalism on social order. In the classification of the 'Varieties of Capitalism' school, Germany has always been taken as the chief exemplar of a 'European', coordinated market economy. Streeck explores to what extent Germany actually conforms to this description. His argument is supported by original empirical research on wage-setting and wage structure, the organization of business and labor in business associations and trade unions, social policy, public finance, and corporate governance. From this evidence, Bringing Capitalism Back In traces the current liberalization of the postwar economy of democratic capitalism by means of an historically-grounded approach to institutional change. This is an important book in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.
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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: 6058

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 Evolution of Economic Systems

Varieties of Capitalism in the Global Economy

Author: Barry Clark

Publisher: Oxford University Press, USA

ISBN: 9780190260590

Category:

Page: 400

View: 8523

The most current text of its kind, The Evolution of Economic Systems: Varieties of Capitalism in the Global Economy explores the effects of politics and culture on the nature of national economic systems. Author Barry Clark distills recent academic work in such areas as comparative political economy, varieties of capitalism, new and old institutional economics, new economic sociology, and social systems of production, presenting the material in a conversational manner that makes it accessible for undergraduate students.
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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: 4978

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 Challenge of Global Capitalism

The World Economy in the 21st Century

Author: Robert Gilpin

Publisher: Princeton University Press

ISBN: 0691186472

Category: Business & Economics

Page: N.A

View: 8485

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The New Institutional Politics

Outcomes and Consequences

Author: Svante Ersson,Jan-Erik Lane

Publisher: Routledge

ISBN: 113467225X

Category: Political Science

Page: 352

View: 5625

The New Institutional Politics is a comparative study of the impact of political institutions upon outcomes, and covers some of the major themes in the new institutionalism. It looks at how various democratic institutions like Konkordanzdemokratie or corporatism promote better outcomes than Westminster institutions. The evaluation of the performance of political institutions covers the executive, the legislature and the judicial system. The book also looks at economic outcomes such as affluence and GDP growth as well as social ones like income distribution and quality of life. It examines the problems of institutional effects in democracies and dictatorships and provides analysis of some of the major models in political science. This is an exploration of how political institutions matter for political, economic and social outcomes. It estimates their impact in relation to other major factors such as culture and social structure. It is written for political scientists and graduates studying comparative politics.
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The Oxford Handbook of Employment Relations

Author: Adrian Wilkinson,Geoffrey Wood,Richard Deeg

Publisher: OUP Oxford

ISBN: 0191651494

Category: Business & Economics

Page: 760

View: 9995

There have been numerous accounts exploring the relationship between institutions and firm practices. However, much of this literature tends to be located into distinct theoretical-traditional 'silos', such as national business systems, social systems of production, regulation theory, or varieties of capitalism, with limited dialogue between different approaches to enhance understanding of institutional effects. Again, evaluations of the relationship between institutions and employment relations have tended to be of the broad-brushstroke nature, often founded on macro-data, and with only limited attention being accorded to internal diversity and details of actual practice. The Handbook aims to fill this gap by bringing together an assembly of comprehensive and high quality chapters to enable understanding of changes in employment relations since the early 1970s. Theoretically-based chapters attempt to link varieties of capitalism, business systems, and different modes of regulation to the specific practice of employment relations, and offer a truly comparative treatment of the subject, providing frameworks and empirical evidence for understanding trends in employment relations in different parts of the world. Most notably, the Handbook seeks to incorporate at a theoretical level regulationist accounts and recent work that link bounded internal systemic diversity with change, and, at an applied level, a greater emphasis on recent applied evidence, specifically dealing with the employment contract, its implementation, and related questions of work organization. It will be useful to academics and students of industrial relations, political economy, and management.
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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: 2160

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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Varieties of Capitalism and Europeanization

National Response Strategies to the Single European Market

Author: Georg Menz

Publisher: Oxford University Press, USA

ISBN: 9780199273867

Category: Political Science

Page: 280

View: 5449

Europeanization has often been conceived as a top-down process, necessitating implementation and adjustment at the national level. However, Europeanization can also be conditioned by bottom-up national initiatives. While recent endeavors in comparative political economy have emphasized theresilience of coordinated market economies, few detailed empirical studies have examined to date exactly how different European systems of political-economic governance cope with and respond to an European impetus for liberalization. This original study of the impact of the EU-induced liberalizationof service provision on member states argues that innovative national re-regulatory strategies may be implemented in response to Europeanization. In permitting any company registered in an EU member state to provide services throughout Europe, new possibilities were created for the transnationalposting of workers from low-wage to high-wage countries. However, high-wage countries could re-regulate the wage levels applicable to such employees. The exact nature of such response strategy is coloured by the respective institutional power that labour market interest associations like tradeunions and employer associations command. Therefore, different institutionalised varieties of capitalism generate distinct re-regulations of the Single European Market.Drawing on detailed case studies of ten European countries, this volume bridges the gap between the rapidly unfolding scholarly debate on Europeanization and varieties of capitalism. It argues that both strongly neocorporatist systems of political-economic governance and statist systems are capableof creating swift, comprehensive and thorough national re-regulations. This applies to Austria and France, but also Sweden, Denmark, Norway, Finland, Belgium, and Luxembourg. By contrast, countries with less strongly embedded neocorporatist structures, in which due to organizational deficienciestrade unions face difficulties blocking employer demands, create liberal response strategies, permitting a stratification of wage levels. Hence, both Germany and the Netherlands implemented liberal business-friendly re-regulations. The volume makes the case for important amendments to existing accounts of Europeanization and varieties of capitalism. Scholars of Europeanization need to incorporate bottom-up re-regulation into their conceptual framework, particularly in response to 'negative integration'. Recent strides incomparative political economy have placed great emphasis on continued divergence, yet this study suggests that even within the presumably unified group of 'non-liberal' coordinated market economies important institutional differences produce very distinct responses in the face of Europeanliberalization.
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New Technology @ Work

Author: Paul Boreham,Rachel Parker,Paul Thompson,Richard Hall

Publisher: Routledge

ISBN: 113449193X

Category: Business & Economics

Page: 240

View: 7702

New computer and communications technologies have acted as the catalyst for a revolution in the way goods are produced and services delivered, leading to profound changes in the way work is organized and the way jobs are designed. This important book examines the nature, setting and impact of new technologies on work, organization and management. Conventional debates about new technology often invoke optimistic visions of enhanced democracy, rising skills and economic abundance; others predict darker scenarios such as the destruction of jobs through labour-eliminating devices. This book proposes an alternative perspective, arguing that technology can be powerful, but in and of itself has no independent causal powers. It considers the impact of new technologies on manufacturing, clerical, administrative and call centre employment, in both managerial and professional arenas, and introduces the growing phenomena of telework. The book also assesses the important political and economic forces that restrict or facilitate the flow of new technologies on national and global levels. New Technology @ Work is an illuminating and thought-provoking text that will prove invaluable to all serious students of business, management and technology.
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The Politics of Green Transformations

Author: Ian Scoones,Melissa Leach,Peter Newell

Publisher: Routledge

ISBN: 1317601114

Category: Business & Economics

Page: 238

View: 4416

Multiple ‘green transformations’ are required if humanity is to live sustainably on planet Earth. Recalling past transformations, this book examines what makes the current challenge different, and especially urgent. It examines how green transformations must take place in the context of the particular moments of capitalist development, and in relation to particular alliances. The role of the state is emphasised, both in terms of the type of incentives required to make green transformations politically feasible and the way states must take a developmental role in financing innovation and technology for green transformations. The book also highlights the role of citizens, as innovators, entrepreneurs, green consumers and members of social movements. Green transformations must be both ‘top-down’, involving elite alliances between states and business, but also ‘bottom up’, pushed by grassroots innovators and entrepreneurs, and part of wider mobilisations among civil society. The chapters in the book draw on international examples to emphasise how contexts matter in shaping pathways to sustainability Written by experts in the field, this book will be of great interest to researchers and students in environmental studies, international relations, political science, development studies, geography and anthropology, as well as policymakers and practitioners concerned with sustainability.
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The SAGE Handbook of Industrial Relations

Author: Paul Blyton,Edmund Heery,Nicolas Bacon,Jack Fiorito

Publisher: SAGE

ISBN: 1446266303

Category: Business & Economics

Page: 688

View: 8307

This handbook is an indispensable teaching, research and reference guide for anyone interested in issues of labour and employment. The editors have assembled a top-flight group of authors and the end-product is an encompassing state-of-the-art review of the industrial relations field' - Professor Bruce E Kaufman, AYSPS, Georgia State University 'This Handbook will quickly become the standard reference in industrial relations research. It provides the most comprehensive and challenging presentation of the key theoretical debates and topics of research that will shape our field well into the 21st century. All who wish to contribute to this field will need to read this volume and then build on what these authors have to say' - Professor Thomas A. Kochan, MIT Institute for Work and Employment Research 'This authoritative panorama of the field demonstrates the contemporary vitality, breadth and critical depth of industrial relations scholarship and research. Thirty-four stimulating essays, by an international blend of leading academics, expertly review the analytical and empirical state of play across all aspects of industrial relations enquiry. In doing so, a rich agenda for further scholarly endeavour emerges' - Paul Marginson, University of Warwick Over the last two decades, a number of factors have converged to produce a major rethink about the field of Industrial Relations. Globalization, the decline of trade unions, the spread of high performance work systems and the emergence of a more feminized, flexible work-force have opened new avenues of inquiry. The SAGE Handbook of Industrial Relations charts these changes and analyzes them. It provides a systematic, comprehensive survey of the field. The book is organized into four interrelated sections: " Theorizing Industrial Relations " The changing institutions that shape employment practice " The processes used by governments, employers and unions " Income inequality, employee wellbeing, business performance and national comparative advantages The result is a work of unprecedented scope and unparalleled ambition. It offers a compete guide to the central debates, new developments and emerging themes in the field. It will quickly be recognized as the indispensable reference for Teachers, Students and Researchers. It is relevant to economists, lawyers, sociologists, business and management researchers and Industrial Relations specialists.
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Varieties of Capitalism and New Institutional Deals

Regulation, Welfare and the New Economy

Author: Wolfram Elsner,Gerhard Hanappi

Publisher: Edward Elgar Publishing

ISBN: 9781781956755

Category: Business & Economics

Page: 376

View: 7034

In response to global and technological challenges, this text highlights the continuing diversity of national institutional reconfigurations and policy reforms from an institutional-economics perspective.
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After the Three Italies

Wealth, Inequality and Industrial Change

Author: Michael Dunford,Lidia Greco

Publisher: John Wiley & Sons

ISBN: 1444355481

Category: Science

Page: 376

View: 6723

After the Three Italies develops a new political economy approach to the analysis of comparative regional development and the territorial division of labour and exemplifies it through an up-to-date account of Italian industrial change and regional economic performance. Responds to recent theoretical debates in economic geography, involving economists, geographers and planners. Builds the foundations for a new theoretical approach to regional economic development and the territorial division of labour. Draws on the results of a recent ESRC funded research project, as well as on a large range of official data sets. Provides an up-to-date picture of Italy‘s economic performance and of its recent development relative to other European countries and the rest of the world. Analyses Italy's internal differentiation and its persistent regional inequalities. Examines the regional impact of the recent evolution of the car, chemicals, steel and clothing industries. Leads to a new and more complex picture of Italian development.
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The Global Political System

Author: Fulvio Attina

Publisher: Macmillan International Higher Education

ISBN: 1137285524

Category: Political Science

Page: 272

View: 5883

What can International Relations scholarship tell us about the global political system? This innovative text examines the contribution made by the principal schools of International Relations to our understanding of the global system and draws on them to analyze some crucial issues for twenty-first century politics. Elegantly synthesising history and theory, this text introduces the concepts that have been used to explain the politics and policies of the global system. It challenges the dominance of purely state-based approaches and shows how non-state-based approaches are essential for a full and integrated understanding of today's global politics. Using both approaches, the author examines key issues in contemporary world politics, from international security to economic stability and migration to human rights.
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The Politics of High Tech Growth

Developmental Network States in the Global Economy

Author: Sean O'Riain

Publisher: Cambridge University Press

ISBN: 9780521830737

Category: Business & Economics

Page: 270

View: 5856

This book argues that beneath the Irish trade and foreign investment boom lies a more interesting story of regional innovation promoted by an alliance between the state and local technical communities. This alliance was governed through a decentralized set of state institutions, drawing on 'global' and 'local' economic and political resources. This 'Developmental Network State' has had a significant impact on the growth of Ireland's high tech cluster and is central to the emergence of an international network of 'global high tech regions' from Silicon Valley to Ireland, Taiwan, and Israel. The book provides a detailed study of the rise of the software industry in Ireland and of the state institutions and political conditions which promoted it. It shows how new 'network state' policies and institutions have been central to high tech regions elsewhere.
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State, Globalization and Multilateralism

The challenges of institutionalizing regionalism

Author: Mario Telò

Publisher: Springer Science & Business Media

ISBN: 9400728433

Category: Political Science

Page: 188

View: 3059

This volume presents a reconsideration of the concepts of State and political power within the evolving multilateral network of cooperation and conflict. By means of an innovating research strategy, it explains state resilience within global governance while deepening the obsolescence of the traditional sovereign state concepts, including by emerging powers. Rather than considering the EU as an isolated case study, the book considers the EU as both a reference and a proactive player, which fosters a new research agenda both for comparative studies and political theory. Lastly, in view of the currently emergent, unprecedented and asymmetrical, ‘multi-polar’ world, it considers the need for a new research agenda on multilateralism.
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