Varieties of Capitalism

摘要: Scholarship on varieties of capitalism (VofC) explores the ways in which institutions structuring political economy affect patterns economic performance or policy making and distribution well-being. Contesting claim that there is one best route to superior performance, a number schemas have been proposed explain why countries often able secure substantial rates growth different ways, with relatively egalitarian distributions income. Prominent among them VofC analysis focused developed democracies distinguishes liberal coordinated market economies according firms coordinate their endeavors. On basis institutional complementarities subspheres economy, it suggests structure confers comparative advantages, notably for radical incremental innovation, explains not converged context globalization. Although this framework contested, has inspired new research many subjects, including determinants social policy, grounds international negotiation, character change. In issue area, promising terrain further into origins capitalism, factors drive change how arrangements interact another, normative underlay effects multiple dimensions well-being. Keywords: capitalism; political economy; globalization; politics; institutional change; economic growth; macroeconomics; innovation; complementarities; social