Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall,David Soskice

Publisher: OUP Oxford

ISBN: 9780191530104

Category: Business & Economics

Page: 556

View: 2571

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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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: 9106

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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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: 6727

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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Varieties of Capitalism, Varieties of Approaches

Author: D. Coates

Publisher: Springer

ISBN: 0230522726

Category: Political Science

Page: 300

View: 2687

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 Post-Communist Countries

Author: D. Lane,M. Myant

Publisher: Springer

ISBN: 0230627579

Category: Business & Economics

Page: 278

View: 8320

This book sets the experiences of former communist countries as they head towards capitalism against the 'varieties of capitalism' paradigm, and provides a framework for comparing transformation processes, demonstrating how differing heritages of communist and pre-communist pasts are leading to different kinds of capitalist economies.
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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: 7102

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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Open Varieties of Capitalism

Continuity, Change and Performances

Author: U. Becker

Publisher: Springer

ISBN: 023024081X

Category: Political Science

Page: 222

View: 7530

Presenting capitalisms as open, system-like configurations, this book argues four ideal-typical varieties (liberal, statist, corporatist, meso-communitarian) and analyzes the socio-economic performances of advanced capitalisms.
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The Nordic Varieties of Capitalism

Author: Lars Mjoset

Publisher: Emerald Group Publishing

ISBN: 0857247786

Category: Political Science

Page: 420

View: 6415

A comprehensive analysis of the political economy of the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). It emphasizes the variety of experiences within the Nordic realm, from the dramatic collapse of Iceland's economy as the financial bubble burst in 2008 to the full-employment oil-economy of Norway.
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Integrating Varieties of Capitalism and Welfare State Research

A Unified Typology of Capitalisms

Author: Martin Schröder

Publisher: Springer

ISBN: 1137310308

Category: Political Science

Page: 223

View: 9607

This book combines the two most important typologies of capitalist diversity; Esping-Andersen's welfare regime typology and Hall and Soskice's 'Varieties of Capitalism' typology, into a unified typology of capitalist diversity. The author shows empircally that certain welfare states bundle together with certain production systems.
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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: 5011

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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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: 6266

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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Debating Varieties of Capitalism

A Reader

Author: Bob Hancké

Publisher: Oxford University Press on Demand

ISBN: 0199569673

Category: Business & Economics

Page: 334

View: 8963

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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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: 7587

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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Varieties of Capitalism, Types of Democracy and Globalization

Author: Masanobu Ido

Publisher: Routledge

ISBN: 1136342702

Category: Political Science

Page: 248

View: 6790

This book combines two strands of international political economy; examining how capitalism and democracy shape and are shaped by each other. Although until now considered separately, this path-breaking book proposes an innovative view of a political-economic system that inextricably links the model of capitalism to the type of democracy, where continuation is mutually reinforced. Advanced countries have achieved post-war affluence by adopting one of two contrasting models of capitalism; liberal market economies or coordinated market economies, and two opposing types of democracies: consensus or majoritarian democracies. Expert contributors in the field consider the question of whether and how globalization is transforming the post-war political–economic systems of advanced countries such as Britain, France, Germany, Italy and Japan, as well as the question of how it is shaping democracy and capitalism combinations in former socialist countries in Eastern Europe and the new "capitalist" China. The book examines various topics, including party system change, a political dilemma of the established party, and corporate governance reforms, to posit an original an innovative theory of international political economy. Variety of Capitalism, Types of Democracy and Globalization will be of interest to students and scholars of comparative politics, political economy and globalization.
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National Identity and the Varieties of Capitalism

The Danish Experience

Author: John L. Campbell,John A. Hall,Ove Kaj Pedersen

Publisher: McGill-Queen's Press - MQUP

ISBN: 9780773529977

Category: Political Science

Page: 525

View: 9940

Denmark has out-performed most other advanced capitalist countries since the mid-1980s Contributors to National Identity and the Varieties of Capitalism draw from the literature on capitalism and small states and corporatism to explore why this is the case. They find that Danish political and economic institutions facilitate bargaining and consensus building in ways that have enabled the state, businesses, and labour unions to adapt to the challenges of globalization. Moreover, by virtue of its small size, homogeneous population, and response to a variety of international challenges - both economic and geopolitical - Denmark has developed a strong national identity that further bolsters consensus building. The result has been an adaptable and flourishing national political economy.
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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: 5361

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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Variegated Neoliberalism

EU Varieties of Capitalism and International Political Economy

Author: Huw Macartney

Publisher: Routledge

ISBN: 1136862838

Category: Political Science

Page: 208

View: 4436

Variegated Neoliberalism provides comparative analyses of global and European banking communities, and economic research centres, in the UK, France, and Germany. It explains the current neoliberal order in global finance, and the realms of possibility for challenges to it.
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Greening the Car Industry

Varieties of Capitalism and Climate Change

Author: John Mikler

Publisher: Edward Elgar Publishing

ISBN: 1849802246

Category: Business & Economics

Page: 296

View: 1303

. . . fascinating and stimulating book, which is both comprehensive and partial in equal degree. Peter Wells, Journal of Environmental Policy and Planning Greening the Car Industry is an innovative book in the Varieties of Capitalism tradition. Its interviews and analysis offer rich insights into why the US car industry struggles, particularly on environmental impact, compared to Japanese and German firms. John Mikler shows that regulatory institutions matter, and how they matter. For the car industry at least, more collaborative forms of capitalism show more promise. Mikler gives us a masterpiece of regulatory scholarship. John Braithwaite, The Australian National University Corporations, including those in the car industry, are increasingly keen to proclaim their green credentials. But what motivates firms to reduce the environmental impact of their products? Rather than accepting the conventional wisdom, John Mikler addresses this question in a novel way by taking a comparative institutionalist approach informed by the Varieties of Capitalism literature. Focusing on Germany, the US and Japan, the author shows that national variations in capitalist relations of production are central to explaining how the car industry tackles the issue of climate change, such variations are crucial for understanding the normative as well as material basis for firms motivations. This ground-breaking book will be of great benefit to students and academics, particularly those with an interest in comparative politics, public policy and international political economy. It may also serve as a resource for courses on environmental politics and environmental management as well as aspects of international relations and business/management. Given the book s contemporary policy relevance, it will be a valuable reference for policy practitioners with an interest in industry policy, multinational corporations, the environment, and institutional approaches to comparative politics.
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Are There Varieties of Capitalism in African Political Economies?

Author: Christoph Vogel

Publisher: GRIN Verlag

ISBN: 3656047766

Category:

Page: 64

View: 8617

Seminar paper from the year 2009 in the subject Politics - International Politics - Region: Africa, grade: 1,7, University of Cologne (Forschungsinstitut fur Politische Wissenschaft und Europaische Fragen), course: Comparative Political Economy: Varieties of Capitalism, language: English, abstract: Since the last decade scientific research on capitalism has experienced a noticeably grown attention among scholars as well as politicians. One of the most discussed approaches in this field of comparative analysis of political economy is the 'varieties of capitalism' theory1 developed by Peter Hall and David Soskice. Their approach basically focuses on how different actors may behave in a certain politico-economic state configuration and on how far this configuration can determine a national type or variety of capitalism as well as the economic success of a political economy. This approach, though, has been designed with a view to the so-called 'developed economies', which are to be found in Western and Central Europe as well as in North America. In the era of globalization other economies have come into play, with their performances ranging from real success stories, as in several Asian economies, to considerable failure, as in most marginalized Sub-Saharan African economies. After presenting Hall and Soskice's approach and some of its criticisms in order to give a conceptual framework, this paper will provide a very brief overview of the political economy of colonialism, followed by a case-study analysis of the contemporary political economies of Uganda and the Democratic Republic of Congo (DRC). The main research question is to identify to which extent varieties of capitalism imported from colonial powers have fashioned today's economies in the chosen cases as 'economic models' or how far the empirically established colonial economic systems are responsible for post-colonial developments. The former colonial power in Uganda, Great Britain, will be considered as a Libe
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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: 9248

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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