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Conceptualising capitalism in the twenty-first century

The BRICs and the European periphery

Dados Bibliográficos

ID7734483
AutoresAlexandra Vasileva-Dienes (Political Science Department, The University of Amsterdam, Amsterdam, Netherlands, autor correspondente), Vivien A Schmidt (0000-0001-7764-0610, Boston University)
Ano2019
Volume25
Fascículo3
Páginas255-275
Data de publicação2019-05-27
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoContemporary Politics (JOURNAL)
Identificadores do periódicoISSN: 1356-9775 • E-ISSN: 1469-3631
EditoraInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13569775.2018.1555746
OpenAlexW2904567652
IdiomaEN
Citações recebidas13
Referências citadas66

The paper provides a conceptual framework of the Special Issue by theorising and analysing the evolving nature of capitalism in emerging economies and the European periphery today. The conventional conceptual tools of comparative capitalism provide a useful structure for the analysis but have not been up to the task of capturing the changing nature of capitalism in the globalised world, in particular the rise of the emerging powers as well as their current crises. Neither do the conventional tools allow one to capture the developments in the political economies of the European periphery since the Eurozone crisis and the advent of austerity policy. In order to adequately assess these developments we need to rethink the comparative capitalism framework in the global context. To do so, we propose a more dynamic conceptual approach better suited to capturing the changing nature of political economies in and beyond the OECD world. We build upon Uwe Becker's open Varieties of Capitalism framework, among other approaches. Our theoretical conceptualization highlights five aspects: 1) the role of the state as a central force organising the market 2) patrimonialism, understood as a distinct structural mode of political-economic organisation based on clientelism, patronage and informal relations between actors 3) policies and political institutions 4) the role of ideas, and 5) pressures from globalisation and economic crises

Austerity · Capitalism · Conceptual framework · Context (archaeology · Economic system · Economics · Emerging markets · Globalization · Market economy · Political economy · Political science · Politics · Social science · Sociology · Asian Industrial and Economic Development · Housing, Finance, and Neoliberalism · Social Policy and Reform Studies

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Obras citantes distintas13
Citações por ano1,86
Intervalo de citações2019 - 2024 (6)
Velocidade de citaçãorecent
Altamente citadoNão
Tipos de citaçãoNeutras: 13

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