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Varieties of Capitalism and Europeanization

Varieties of Capitalism and Europeanization
Author: Georg Menz
Publisher: Oxford University Press on Demand
Total Pages: 291
Release: 2008
Genre: Political Science
ISBN: 0199551030

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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 the resilience 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 liberalization of 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 transnational posting 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 colored by the respective institutional power that labor market interest associations like trade unions and employer associations command. Therefore, different institutionalized 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 capable of 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 deficiencies trade 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 in comparative 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 European liberalization.


Varieties of Capitalism

Varieties of Capitalism
Author: Peter A. Hall
Publisher: OUP Oxford
Total Pages: 562
Release: 2001-08-30
Genre: Business & Economics
ISBN: 0191530107

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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.


Changing Models of Capitalism in Europe and the U.S.

Changing Models of Capitalism in Europe and the U.S.
Author: Richard Deeg
Publisher: Routledge
Total Pages: 199
Release: 2016-04-14
Genre: Political Science
ISBN: 1317625625

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The volume analyzes the long-term trajectories of change in the capitalist models of the UK, Germany, Sweden, France, Italy, Hungary, Slovakia, and the United States. The case studies identify critical junctures and key periods of change in order to show how institutions are shaped by different sets of socio-political compromises and public policy. The case studies follow a common methodology, comparing change and linkages across six core institutional domains, thus facilitating a comparative understanding of the patterns and drivers of institutional change, as well as how liberalisation impacts countries in similar and dissimilar ways. The historical perspective of the cases highlights the transformative effects of relatively slow and incremental changes. These case studies also make an innovative contribution to examining the linkages between four levels of institutions that regulate the economy – the international, macro (national), meso, and micro. The volume reveals both a common trend toward more liberal forms of capitalism but also variations on this overarching trajectory. Markets themselves create their own dynamics, which have varied effects on firms and other economic actors in historically diverse institutional contexts. This book was originally published as a special issue of the Journal of European Public Policy.


Varieties of Capitalism and Europeanization

Varieties of Capitalism and Europeanization
Author: Georg Menz
Publisher:
Total Pages: 280
Release: 2005
Genre: Capitalism
ISBN: 9780191701573

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Drawing on empirical case studies of ten European countries, Menz challenges and contributes to existing accounts of Europeanization and varieties of capitalism.


Europeanization, Varieties of Capitalism and Economic Performance in Central and Eastern Europe

Europeanization, Varieties of Capitalism and Economic Performance in Central and Eastern Europe
Author: L. Cernat
Publisher: Springer
Total Pages: 238
Release: 2016-01-18
Genre: Business & Economics
ISBN: 0230501680

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By combining insights from Europeanization, globalization, varieties of capitalism, and policy transfer literature, this book reconceptualizes the dynamics taking place during the EU enlargement process and makes a major contribution to the understanding of the relationships between institutional transformation and economic performance.


The Futures of European Capitalism

The Futures of European Capitalism
Author: Vivien A. Schmidt
Publisher: OUP Oxford
Total Pages: 580
Release: 2002-08-15
Genre: Political Science
ISBN: 019103939X

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In this path-breaking book, the author argues that European countries' political-economic policies, practices, and discourses have changed profoundly in response to globalization and Europeanization, but they have not converged. Although national policies may now be more similar, especially where they follow from common European policies, they are not the same. National practices, although moving in the same general direction toward greater market orientation, continue to be differentiable into not just one or even two but three varieties of capitalism. And national discourses that generate and legitimate changes in policies and practices not only remain distinct, they matter. The book is a tour de force which combines sophisticated theoretical insights and innovative methods to show that European countries generally, but in particular Britain, France, and Germany (for which the book provides lengthy case studies), have had very different experiences of economic adjustment, and will continue to do so into the future.


Varieties of Capitalism

Varieties of Capitalism
Author: Peter A. Hall
Publisher: Oxford University Press, USA
Total Pages: 540
Release: 2001
Genre: Business & Economics
ISBN: 9780199247752

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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.


Debating Varieties of Capitalism

Debating Varieties of Capitalism
Author: Bob Hancké
Publisher: Oxford University Press on Demand
Total Pages: 343
Release: 2009-09-03
Genre: Business & Economics
ISBN: 0199569673

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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.


The Oxford Handbook of French Politics

The Oxford Handbook of French Politics
Author: Robert Elgie
Publisher: Oxford University Press
Total Pages: 753
Release: 2016
Genre: Political Science
ISBN: 0199669694

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The Oxford Handbook of French Politics provides a comprehensive and comparative overview of the French political system through the lens of political science. The Handbook is organized into three parts: the first part identifies foundational concepts for the French case, including chapters on republicanism and social welfare; the second part focuses on thematic large-scale processes, such identity, governance, and globalization; while the third part examines a wide range of issues relating to substantive politics and policy, among which are chapters on political representation, political culture, social movements, economic policy, gender policy, and defense and security policy. The volume brings together established and emerging scholars and seeks to examine the French political system from a comparative perspective. The contributors provide a state-of-the-art review both of the comparative scholarly literature and the study of the French case, making The Oxford Handbook of French Politics an invaluable resource for anyone interested in the foundations of contemporary political life in France.


Open Varieties of Capitalism

Open Varieties of Capitalism
Author: U. Becker
Publisher: Springer
Total Pages: 233
Release: 2009-07-08
Genre: Political Science
ISBN: 023024081X

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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.