The 2 + 4 varieties of capitalist systems
Language
EN
Chapitre d'ouvrage
This item was published in
The Diversity of Emerging Capitalisms in Developing Countries. 2017p. 297-328
Springer International Publishing
English Abstract
In this chapter, the authors (Eric Rougier and François Combarnous) identify and specify the six models of capitalism determined by clustering the country-specific sets of the seven types of sectoral governance detailed ...Read more >
In this chapter, the authors (Eric Rougier and François Combarnous) identify and specify the six models of capitalism determined by clustering the country-specific sets of the seven types of sectoral governance detailed in the preceding chapters. The Liberal Market and Coordinated Market models are highly typical of OECD economies. In what specifically concerns developing and emerging economies, four distinctive models, the Globalization-Friendly, Resource-Dependent Statist, Informal (Weak State) and Hybrid-Idiosyncratic, have been found. One key result of the chapter is that institutional experimentation shows a strong pattern of differentiation between developing countries’ capitalisms, since transitional institutional models, that is, those that are no longer informal but not yet totally formal and OECD-style, are either non experimental (Statist Resource-Dependent or Globalization-Friendly) or experimental (Hybrid-Idiosyncratic).Read less <
English Keywords
Foreign Direct Investment
Latin American Country
Institutional Formalization
Social Protection
Resource Dependent