Varieties of capitalism and varieties of globalization: comparing patterns of market deregulation

Market deregulation has been integral to economic globalization, but we do not know very much about the comparative dimension of reform, i.e., the performance of liberal and co-ordinated market economies. Co-ordinated market economies are often assumed to perform poorly in deregulation reform, while...

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Bibliographic Details
Published inJournal of European public policy Vol. 22; no. 7; pp. 908 - 926
Main Author Pierre, Jon
Format Journal Article
LanguageEnglish
Published Routledge 09.08.2015
Subjects
Capitalism
Corporatism
DEMOCRACIES
Deregulation
economic
Economic policy
Globalization
Market regulation
POLICY CONVERGENCE
Political Science
product market regulation indicators
Public Administration
Statsvetenskap
TAXATION
varieties of capitalism
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Summary:Market deregulation has been integral to economic globalization, but we do not know very much about the comparative dimension of reform, i.e., the performance of liberal and co-ordinated market economies. Co-ordinated market economies are often assumed to perform poorly in deregulation reform, while such reform is path-dependent to the liberal market economy model. The article compares the trajectory of market deregulation in these different 'varieties of capitalism'. Drawing on the Organization for Economic Co-operation and Development's 'product market regulation indicators', the analysis shows that co-ordinated market economies have implemented more extensive deregulation than have the liberal market economies.
Bibliography:ObjectType-Article-1
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ISSN:1350-1763
1466-4429
DOI:10.1080/13501763.2014.984749