Intro: Comparative Capitalism Research in Emerging Markets – A New Generation

ABSTRACT

In introducing this special section of New Political Economy, this paper explores the key themes that emerge from the three papers included in this special section presents a new generation of CC research in EMs which seeks to reconcile classical institutionalist approaches to capitalist variety with more recent attempts to shift back from supply-side to macroeconomic demand side factors, as well as brining the role of the state back in. This opening article summarises the key contributions we see emerging from this new generation of research and argues that it holds important lessons not just for the study of EMs but also advanced economies. We identify several important research questions for further research; but we also suggest that even the new approach that this new generation of CC research takes may not be enough to address the most pressing issue facing capitalist economies, namely the degradation of our natural environment.

KEYWORDS:

• Comparative capitalism
• emerging markets
• growth models
• varieties of capitalism

Disclosure Statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Geoffrey Wood

Geoffrey Wood is DanCap Chair of Innovation and Head of DAN Management at Western University in Canada, and Visiting Professor at Trinity College, Dublin. Previously, he served as Dean and Professor of International Business, at Essex Business School and before then as Professor of International Business at Warwick Business School, UK. He has authored/co-authored/edited eighteen books, and over one hundred and eighty articles in peer-reviewed journals. He has an h-index of 41, and an i10-index of 163. He holds honorary positions at Griffith and Monash University in Australia. Geoff’s research interests centre on the relationship between institutional setting, corporate governance, firm finance, and firm level work and employment relations. He is a Fellow of the Academy of Social Sciences, and a Fellow of the British Academy of Management, and is also in receipt of an Honorary Doctorate in from Aristotle University, Greece. Geoffrey Wood is Associate Editor of the Academy of Management Perspectives, Official Journal of the Academy of Management as well as of Human Resource Management (US).

Gerhard Schnyder

Gerhard Schnyder is the Director of the Institute for International Management at Loughborough University London. His work focusses on the political and institutional determinants of business activity – including corporate governance practices and non-market strategies – and the role of state-business relationships in diverse contexts. His work has been published in leading journals like Business & Society, Organization Studies, Journal of European Public Policy, and Comparative Political Studies.