Enlarging the Varieties of Capitalism
The Emergence of Dependent Market Economies in East Central Europe
Bibliographic Data
| ID | 8042876 |
|---|---|
| Authors | Andreas Nölke (0000-0002-0357-9682, Goethe University Frankfurt), Arjan Vliegenthart (Vrije Universiteit Amsterdam) |
| Year | 2009 |
| Volume | 61 |
| Issue | 4 |
| Pages | 670-702 |
| Publication date | 2009-08-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Politics (JOURNAL) |
| Journal identifiers | ISSN: 0043-8871 • E-ISSN: 1086-3338 |
| Publisher | Project MUSE (PUBLISHER • US) |
| DOI | 10.1017/s0043887109990098 |
| OpenAlex | W2112908401 |
| Language | EN |
| Citations received | 390 |
| References cited | 45 |
This article enlarges the existing literature on the varieties of capitalism by identifying a third basic variety that does not resemble the liberal market economy or coordinated market economy types. The dependent market economy (DME) type, as it is named by the authors, is characterized by the importance of foreign capital for the socioeconomic setup and is located in postsocialist Central Europe. Since the collapse of state socialism in the late 1980s, the Czech Republic, Hungary, Poland, and the Slovak Republic have introduced a rather successful model of capitalism when compared with other postsocialist states. This article identifies the key elements of the DME model and discusses their interplay. DMEs have comparative advantages in the assembly and production of relatively complex and durable consumer goods. These comparative advantages are based on institutional complementarities between skilled, but cheap, labor; the transfer of technological innovations within transnational enterprises; and the provision of capital via foreign direct investment
Capital (architecture · Capitalism · Czech · East-Central Europe · Economic system · Economics · Economy · Foreign direct investment · Geography · Market economy · Political science · Slovak · Socialism · State (computer science · State capitalism · State socialism · Global Economic and Social Development · Post-Communist Economic and Political Transition · Russia and Soviet political economy
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| Unique citing works | 390 |
|---|---|
| Citations per year | 21,67 |
| Citation span | 2008 - 2026 (19) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 386 |