Author: Perraton, Jonathan

Source: Economy and Society, Volume 38, Number 1, February 2009 , pp. 177-201(25)

Publisher: Routledge, part of the Taylor & Francis Group

Abstract:

This article reviews changes in institutional arrangements among developed countries over the past twenty-five years, and assesses how far these can be explained in terms of recent theories of different models of capitalism. It argues that globalization has acted to undermine central features of the key models and weaken the position of labour. The account in this article points to limitations in the current varieties of capitalism approaches in explaining recent patterns of institutional changes and sketches possible bases for enhancing the approach. Comparisons are made with economic systems in developing countries, particularly in Latin America.

Keywords: varieties of capitalism; globalization; international comparisons; economic development

Document Type: Research article

DOI: http://dx.doi.org/10.1080/03085140802560660

Publication date: 2009-02-01

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