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Coordinated market economy

About: Coordinated market economy is a research topic. Over the lifetime, 145 publications have been published within this topic receiving 32613 citations.


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Book
01 Jan 1990
TL;DR: In this paper, Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries, and argues that current economic processes such as those moving toward a post-industrial order are shaped not by autonomous market forces but by the nature of states and state differences.
Abstract: Few discussions in modern social science have occupied as much attention as the changing nature of welfare states in Western societies. Gosta Esping-Andersen, one of the foremost contributors to current debates on this issue, here provides a new analysis of the character and role of welfare states in the functioning of contemporary advanced Western societies. Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries. He argues that current economic processes, such as those moving toward a postindustrial order, are shaped not by autonomous market forces but by the nature of states and state differences. Fully informed by comparative materials, this book will have great appeal to all those working on issues of economic development and postindustrialism. Its audience will include students of sociology, economics, and politics."

16,883 citations

Journal Article
TL;DR: In this paper, the authors highlight the role of business in national economies and show that there is more than one path to economic success, and explain national differences in social and economic policy.
Abstract: What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success.

5,778 citations

Book
01 Jan 2001
TL;DR: A number of schemas have been proposed to explain why countries have often been able to secure substantial rates of growth in different ways, often with relatively egalitarian distributions of income as discussed by the authors.
Abstract: Scholarship on varieties of capitalism (VofC) explores the ways in which the institutions structuring the political economy affect patterns of economic performance or policy making and the distribution of well-being. Contesting the claim that there is one best route to superior economic performance, a number of schemas have been proposed to explain why countries have often been able to secure substantial rates of growth in different ways, often with relatively egalitarian distributions of income. Prominent among them is a VofC analysis focused on the developed democracies that distinguishes liberal and coordinated market economies according to the ways in which firms coordinate their endeavors. On the basis of institutional complementarities among subspheres of the political economy, it suggests that the institutional structure of the political economy confers comparative institutional advantages, notably for radical and incremental innovation, which explains why economies have not converged in the context of globalization. Although this framework is contested, it has inspired new research on many subjects, including the basis for innovation, the determinants of social policy, the grounds for international negotiation, and the character of institutional change. In this issue area, there is promising terrain for further research into the origins of varieties of capitalism, the factors that drive institutional change in the political economy, how institutional arrangements in the subspheres of the political economy interact with one another, the normative underlay for capitalism, and the effects of varieties of capitalism on multiple dimensions of well-being. Keywords: capitalism; political economy; globalization; politics; institutional change; economic growth; macroeconomics; innovation; complementarities; social policy

3,045 citations

01 Jan 2001
TL;DR: In this article, the authors propose a new framework for understanding the institutional similarities and differences among the developed economies, one that offers a new and intriguing set of answers to 1111 211 3 4 5 6 7 8 9 10111 1 211 34 5 67 8 9 20111 1 2 3 4 4 56 7 89 20111 2 1.
Abstract: Political economists have always been interested in the differences in economic and political institutions that occur across countries. Some regard these differences as deviations from 'best practice' that will dissolve as nations catch up to a technological or organizational leader. Others see them as the distillation of more durable historical choices for a specific kind of society, since economic institutions condition levels of social protection, the distribution of income, and the availability of collective goods — features of the social solidarity of a nation. In each case, comparative political economy revolves around the conceptual frameworks used to understand institutional variation across nations. On such frameworks depend the answers to a range of important questions. Some are policy-related. What kind of economic policies will improve the performance of the economy? What will governments do in the face of economic challenges? What defines a state's capacities to meet such challenges? Other questions are firm-related. Do companies located in different nations display systematic differences in their structure and strategies? If so, what inspires such differences? How can national differences in the pace or character of innovation be explained? Some are issues about economic performance. Do some sets of institutions provide lower rates of inflation and unemployment or higher rates of growth than others? What are the trade-offs in terms of economic performance to developing one type of political economy rather than another? Finally, second-order questions about institutional change and stability are of special significance today. Can we expect technological progress and the competitive pressures of globalization to inspire institutional conver-gence? What factors condition the adjustment paths a political economy takes in the face of such challenges? The object of this book is to elaborate a new framework for understanding the institutional similarities and differences among the developed economies, one that offers a new and intriguing set of answers to 1111 211 3 4 5 6 7 8 9 10111 1 211 3 4 5 6 7 8 9 20111 1 2 3 4 5 6 7 8 9 30111 1 2 3 4 5 6 7 8 9 40 1 such questions. 1 We outline the basic approach in this Introduction. Subsequent chapters extend and apply it to a wide range of issues. In many respects, this approach is still a work-in-progress. We see it as a set of contentions that open up new research agendas rather than settled wisdom to be accepted …

2,676 citations

Book Chapter
01 Jan 2001
TL;DR: The authors argue that workers will only make such risky investments when they have some insurance that their job or income is secure, otherwise, they will invest in general, and therefore portable, skills.
Abstract: This paper outlines a new approach to the study of the welfare state. Contrary to the emphasis on “decommmodification” in the current literature, we argue that important dimensions of the welfare state – employment protection, unemployment protection, and wage protection – are designed to make workers more willing to invest in firmand industry-specific skills that increase their dependence on particular employers and their vulnerability to market fluctuations. Workers will only make such risky investments when they have some insurance that their job or income is secure. Otherwise, they will invest in general, and therefore portable, skills. In turn, because the skill composition of the work force constrains the set of product market strategies that firms can pursue successfully, employers will support social protection that facilitates the set of skills they need to be competitive in particular international product markets. We show that our argument is consistent with observed clusters of social protection and skill profiles among OECD countries, and that these clusters are associated with very different distributional outcomes and patterns of gender-specific labor market segmentation.

1,222 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20217
20203
20194
20186
20172
201611