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The Effects of Political Institutions on Varieties of Capitalism

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The Effects of Political Institutions on Varieties of Capitalism
  • Forlagets pris kr. 1.229,95
  • Leveringstid 2-4 uger
  • Forventet levering 21-06-2018
Bog, hardback (kr. 839,95) (kr. 839,95)
  1. Beskrivelse

    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). 1 Hardback 9 Illu... Læs mere

    Udgivelsesdato:
    20-02-2017
    Leveringstid:
    2-4 uger
    Bedømmelse:
    (0)
  2. Yderligere info
    Udgivelsesdato:
    20-02-2017
    Sprog:
    Engelsk
    ISBN13:
    9783319508917
    Sidetal:
    180
    Vægt:
    414
    Højde:
    14
    Bredde:
    148
    Længde:
    210
    Mærkat:
    Bog, hardback
    Format:
    Hardback
    Udgave:
    1st ed. 2017
    • Bibliotekernes beskrivelse

      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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