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

Michael Schedelik, Andreas Nölke, Daniel Mertens and Christian May

New Political Economy, 2021, vol. 26, issue 4, 514-526

Abstract: 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 of dependent market economies in Central Eastern Europe to hierarchical market economies prevalent mostly in Latin America, from patrimonial capitalism (such as in Russia) to state-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.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://hdl.handle.net/10.1080/13563467.2020.1807487 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:cnpexx:v:26:y:2021:i:4:p:514-526

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/cnpe20

DOI: 10.1080/13563467.2020.1807487

Access Statistics for this article

New Political Economy is currently edited by Professor Colin Hay

More articles in New Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().