Varieties of Capitalism, Varieties of Approaches

Author: D. Coates

Publisher: Springer

ISBN: 0230522726

Category: Political Science

Page: 300

View: 3706

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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The Effects of Political Institutions on Varieties of Capitalism

Author: Matthew P. Arsenault

Publisher: Springer

ISBN: 331950892X

Category: Business & Economics

Page: 204

View: 9299

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 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: 5329

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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Die Logik des kollektiven Handelns

Kollektivgüter und die Theorie der Gruppen

Author: Mancur Olson

Publisher: Mohr Siebeck

ISBN: 9783161485046

Category: Political Science

Page: 181

View: 970

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Globalization and Varieties of Capitalism

New Labour, Economic Policy and the Abject State

Author: D. Coffey,C. Thornley

Publisher: Springer

ISBN: 0230244602

Category: Political Science

Page: 188

View: 745

A study of Britain as a capitalism poised between American and European models, exploring themes of legitimation, denial and opportunism via a series of substantial case studies framed by a reinterpretation of Thatcherism's economic contexts and a critical assessment of New Labour.
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Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall,David W. Soskice

Publisher: Oxford University Press, USA

ISBN: 9780199247752

Category: Business & Economics

Page: 540

View: 8064

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 institutional advantage' 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 to manyothers with interests in international relations, social policy-making, and the law.
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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: 3025

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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Spielarten des akademischen Kapitalismus

Hochschulsysteme im internationalen Vergleich

Author: Michael Hölscher

Publisher: Springer-Verlag

ISBN: 3658109629

Category: Social Science

Page: 419

View: 2249

Die international vergleichende Hochschulforschung liefert sehr detaillierte Länderberichte und -vergleiche, ist dabei aber häufig etwas theoriearm. Das Buch zeigt auf, dass der theoretische Ansatz der Varieties of Capitalism (VoC, deutsch: Spielarten des Kapitalismus) eine geeignete Heuristik darstellt, um empirisch zu beobachtende Unterschiede in den Hochschulsystemen konsistent zu erklären. So zeigen sich etwa die erwartbaren Unterschiede zwischen koordinierten und liberalen Marktwirtschaften in der Hochschullehre, bei den Kompetenzen der Absolventen und bei der Privatisierung. Mit der Anwendung auf den Hochschulbereich bietet das Buch gleichzeitig den ersten umfassenden empirischen Test für die Brauchbarkeit des VoC-Ansatzes in einem hoch relevanten, aber bisher unterbelichteten Bereich.
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Great Britain and the development of a liberal market economy

Author: Rouven Dresselhaus,Stefanie Vielplanells, Cristina, Weltzer

Publisher: GRIN Verlag

ISBN: 3638621774

Category: Political Science

Page: 20

View: 2160

Seminar paper from the year 2005 in the subject Business economics - Economic Policy, grade: 1,3, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, 20 entries in the bibliography, language: English, abstract: In an attempt to extend the perspectives of institutional variations that have dominated the study of comparative capitalism in preceding years, Hall and Soskice have developed a ‘varieties of capitalism’ approach, which presents further perspectives to compare and explain the different forms of capitalism. As part of their approach, they have conceptualized two types of political economies, liberal market economies (LMEs) and coordinated market economies (CMEs), by reference to the way in which firms resolve coordination problems as well as to the spectrum nations can be arrayed. In CMEs non-market relationships allow for inter-firm coordination stressing strategic interaction among firms and other actors, among owners and managers, among employees and firms, and among top managers. Collaborative relationships contribute to building the competencies of the firm through extensive relational contracting and the exchange of private information inside networks. Regarding the corporate governance structure, generally different firm constituencies take part in decision-making processes, characterizing a stakeholder model. In contrast, in LMEs demand and supply conditions of competitive markets set the equilibrium outcomes of firm behavior. Competition, hierarchies and formal contracting, rather than collaborative relationships, coordinate the firms’ activities. Market institutions and marginal calculations based on neoclassical economics influence the actor’s willingness to supply and demand goods or services. The shareholder model of governance prevails over the stakeholder model as shareholders have the main role in decision-making while other constituencies dispose of very limited influence only. In an attempt to reconstruct the development process of the UK into a liberal market economy, the paper intends to describe and analyze key aspects as well as difficulties of economic policy making. Furthermore, it seeks to present and clarify strategic differences between the two political economies by comparing the presented varieties of capitalism with special emphasis on corporate governance and labor market policies as found in Germany (a CME) and the UK (a LME). [...]
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Transformationen des Kapitalismus

Festschrift für Wolfgang Streeck zum sechzigsten Geburtstag

Author: Jens Beckert

Publisher: Campus Verlag

ISBN: 9783593382814

Category: Capitalism

Page: 465

View: 8338

Die Entwicklung moderner Gesellschaften wird durch das Zusammenwirken von Märkten und marktkorrigierenden Institutionen, von Wirtschaft und Politik bestimmt. Wirtschaftlicher Erfolg, soziale Ordnung, politische Stabilität hängen wesentlich von deren Zusammenspiel ab. Die Steuerung gesellschaftlicher Prozesse setzt daher ein Verstehen der Dynamiken zwischen offenen Märkten und sozialen Institutionen voraus. Im Band werden die Spannungen zwischen demokratischer Selbstbestimmung und wirtschaftlicher Eigendynamik analysiert. Jens Beckertist Professor für Soziologie und Direktor am Max-Planck-Institut für Gesellschaftsforschung, Köln. Bernhard Ebbinghausist Professor für Soziologie und Leiter des Arbeitsbereichs A "Die europäischen Gesellschaften und ihre Integration ", Mannheimer Zentrum für Europäische Sozialforschung, Universität Mannheim. Anke Hasselist Professor of Public Policy an der Hertie School of Governance, Berlin. Philip Manowist Forschungsgruppenleiter am Max-Planck- Institut für Gesellschaftsforschung, Köln.
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The Consequences of the Global Financial Crisis

The Rhetoric of Reform and Regulation

Author: Wyn Grant,Graham K. Wilson

Publisher: Oxford University Press

ISBN: 0199641986

Category: Business & Economics

Page: 272

View: 7453

Systematically exploring the consequences of the global financial crisis, this text focuses primarily on the impact on policy and politics. It asks how governments responded to the challenges that the crisis has posed, and the policy and political impact of the combination of both the crisis itself and these responses.
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Die unbarmherzige Revolution

Eine Geschichte des Kapitalismus

Author: Joyce Appleby

Publisher: Murmann Verlag DE

ISBN: 3867741603

Category: Political Science

Page: 600

View: 9292

In ihrer großen Geschichte des Kapitalismus erzählt Joyce Appleby die Geschichte unseres Wirtschaftssystems: von den großen Entdeckungen der Portugiesen, vom Sklavenhandel über die industrielle Revolution bis zur Globalisierung der Gegenwart, und beschreibt schließlich unsere ökonomische und auch kulturelle Identität, die so sehr vom Kapitalismus geprägt ist. Messerscharf seziert sie die guten und die schlechten Seiten des Kapitalismus und beschreibt, was der Kapitalismus mit den Menschen macht. Eine mitreißende Lektüre für alle, die von der "unbarmherzigen Revolution" profitieren oder an ihr verzweifeln.
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Das Kapital im 21. Jahrhundert

Author: Thomas Piketty

Publisher: C.H.Beck

ISBN: 3406671322

Category: Business & Economics

Page: 816

View: 6243

Wie entstehen die Akkumulation und die Distribution von Kapital? Welche Dynamiken sind dafür maßgeblich? Fragen der langfristigen Evolution von Ungleichheit, der Konzentration von Wohlstand in wenigen Händen und nach den Chancen für ökonomisches Wachstum bilden den Kern der Politischen Ökonomie. Aber befriedigende Antworten darauf gab es bislang kaum, weil aussagekräftige Daten und eine überzeugende Theorie fehlten. In Das Kapital im 21. Jahrhundert analysiert Thomas Piketty ein beeindruckendes Datenmaterial aus 20 Ländern, zurückgehend bis ins 18. Jahrhundert, um auf dieser Basis die entscheidenden ökonomischen und sozialen Abläufe freizulegen. Seine Ergebnisse stellen die Debatte auf eine neue Grundlage und definieren zugleich die Agenda für das künftige Nachdenken über Wohlstand und Ungleichheit. Piketty zeigt uns, dass das ökonomische Wachstum in der Moderne und die Verbreitung des Wissens es uns ermöglicht haben, den Ungleichheiten in jenem apokalyptischen Ausmaß zu entgehen, das Karl Marx prophezeit hatte. Aber wir haben die Strukturen von Kapital und Ungleichheit andererseits nicht so tiefgreifend modifiziert, wie es in den prosperierenden Jahrzehnten nach dem Zweiten Weltkrieg den Anschein hatte. Der wichtigste Treiber der Ungleichheit – nämlich die Tendenz von Kapitalgewinnen, die Wachstumsrate zu übertreffen – droht heute extreme Ungleichheiten hervorzubringen, die am Ende auch den sozialen Frieden gefährden und unsere demokratischen Werte in Frage stellen. Doch ökonomische Trends sind keine Gottesurteile. Politisches Handeln hat gefährliche Ungleichheiten in der Vergangenheit korrigiert, so Piketty, und kann das auch wieder tun.
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Globalization and Employment Relations in the Auto Assembly Industry

A Study of Seven Countries

Author: Roger Blanpain,Russell D. Lansbury

Publisher: Kluwer Law International B.V.

ISBN: 9041126988

Category: Business & Economics

Page: 152

View: 6995

Describes work organization, skill formation, remuneration systems, staffing arrangements and employment security, and enterprise governance and employee-management relations in seven countries: the United States, Australia, Germany, Sweden, Japan, South Korea, and China.
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Business Leaders and New Varieties of Capitalism in Post-Communist Europe

Author: Katharina Bluhm,Bernd Martens,Vera Trappmann

Publisher: Routledge

ISBN: 1136023445

Category: Social Science

Page: 272

View: 8847

Business leaders exert extraordinary influence on institution building in market economies but they think and act within institutional settings. This book combines both an elite approach with a varieties-of-capitalism approach. Comparing Poland, Hungary and East and West Germany, we perceive the transformations in East Central Europe and in Germany after 1989 as being intertwined. Based on a joint survey, this book seeks to measure the level of the convergence of ideas among European business leaders, assuming it to be more extensive than the institutional convergence expected under the dominance of neoliberal discourse. Analyzing the institutional framework, organizational features like size, ownership and labour relations, and subjective characteristics like age, social origin, career patterns and attitudes of the recent business elites, we found significant differences between countries and the types of organization. The growing importance of economic degrees and internationalization shows astonishingly little explanatory power on the views of business leaders. The idea of a coordinated market economy is still relatively widespread among Germans, while their Hungarian and Polish counterparts are more likely to display a minimalist view of corporate responsibility to society and adverse attitudes towards employee representation. However, their attitudes frequently tend to be inconsistent, which mirrors the mixed type of capitalism in East Central Europe.
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Joining Empire

The Political Economy of the New Canadian Foreign Policy

Author: Jerome Klassen

Publisher: University of Toronto Press

ISBN: 1442666447

Category: Business & Economics

Page: 344

View: 3729

A fresh assessment of the neoliberal political economy behind Canadian foreign policy from Afghanistan to Haiti, Joining Empire establishes Jerome Klassen as one of the most astute analysts of contemporary Canadian foreign policy and its relationship to US global power. Using empirical data on production, trade, investment, profits, and foreign ownership in Canada, as well as a new analysis of the overlap among the boards of directors of the top 250 firms in Canada and the top 500 firms worldwide, Klassen argues that it is the increasing integration of Canadian businesses into the global economy that drives Canada’s new, increasingly aggressive, foreign policy. Using government documents, think tank studies, media reports, and interviews with business leaders from across Canada, Klassen outlines recent systematic changes in Canadian diplomatic and military policy and connects them with the rise of a new transnational capitalist class. Joining Empire is sure to become a classic of Canadian political economy.
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Rethinking Imperialism

Author: Ray Kiely

Publisher: Macmillan International Higher Education

ISBN: 1137088702

Category: Political Science

Page: 240

View: 4037

Imperialism has become a key focus of debate about world politics in the post-9/11 world. This major new text provides a systematic reappraisal of the evolution of the phenomenon and the concept from the 19th century as the basis for a reassessment of Globalization and US hegemony in the world today.
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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: 3191

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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Crisis Or Recovery in Japan

State and Industrial Economy

Author: David Bailey

Publisher: Edward Elgar Publishing

ISBN: 1847206808

Category: Political Science

Page: 240

View: 4545

Explores Japan's economic crisis and recovery, analysing the role of corporations, the state, macroeconomic and industrial policy, and the changing status of Japan as an economic role model. This book covers such topics as: the relevance of Western economic models to the Japanese case; and the Japanese macro-economy and financial system.
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Chinas Kapitalismus

Entstehung, Verlauf, Paradoxien

Author: Tobias ten Brink

Publisher: Campus Verlag

ISBN: 359339880X

Category: Political Science

Page: 372

View: 9264

Das chinesische Wirtschaftswachstum der letzten 30 Jahre stellt mittlerweile jeden anderen langen Aufschwung der neueren Geschichte in den Schatten. Wie konnte sich diese Entwicklung in einem Land vollziehen, in dem die uneingeschränkte Herrschaft der Kommunistischen Partei gilt? Tobias ten Brink untersucht die politische Ökonomie Chinas erstmals systematisch anhand von Erkenntnissen aus der vergleichenden und internationalen Kapitalismusforschung. Seine Analyse der Dynamiken dieses eigentümlichen Wirtschaftstyps zeigt zudem, dass der chinesische Kapitalismus eine paradoxale Entwicklung durchläuft, die den Aufstieg Chinas zur Weltmacht beeinträchtigen könnte.
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