Comparative Capitalism, Growth Models and Emerging Markets: The Development of the Field

Autor(en): Schedelik, Michael
Noelke, Andreas
Mertens, Daniel 
May, Christian
Stichwörter: BRICS; Business & Economics; CHINA; Comparative capitalism; CRISIS; DEPENDENCY; development economics; Economics; emerging economies; EUROZONE; FUNCTIONAL INCOME-DISTRIBUTION; Government & Law; growth models; INTEGRATION; International Relations; Political Science; POLITICAL-ECONOMY; RETHINKING; STATE; VARIETIES; varieties of capitalism
Erscheinungsdatum: 2021
Herausgeber: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Journal: NEW POLITICAL ECONOMY
Volumen: 26
Ausgabe: 4
Startseite: 514
Seitenende: 526
Zusammenfassung: 
Over the past decade, the study of emerging markets has become one of the most vibrant fields of Comparative Capitalism (CC) scholarship. CC studies have not only mapped a range of different emerging market capitalisms but have also identified both functional and dysfunctional types that further differ based on their integration into the global economy. The article reviews the evolution of these ideal-typological efforts, ranging from the notion ofdependent market economiesin Central Eastern Europe tohierarchical market economiesprevalent mostly in Latin America, frompatrimonial capitalism(such as in Russia) tostate-permeated capitalism(based on the study of China and India). While the CC study of emerging markets has also addressed some of the criticisms posed against the earlier Varieties of Capitalism-framework, it still faces significant analytical and methodological challenges. Against this background, the article proposes to incorporate the Growth Model approach into the CC framework and probes its usefulness for the analysis of emerging market capitalisms.
ISSN: 13563467
DOI: 10.1080/13563467.2020.1807487

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