913
Views
7
CrossRef citations to date
0
Altmetric
Original Articles

Changes in developed countries’ economic systems since the 1980s: implications for developing countries

Pages 177-201 | Published online: 30 Jan 2009

References

  • Abdelal , R. 2007 . Capital rules: The construction of global finance , Cambridge , MA : Harvard University Press .
  • Akyuz , Y. , Chang , H.-J. and Kozul-Wright , R. 1998 . New perspectives on East Asian Development . Journal of Development Studies , 34 ( 6 ) : 4 – 36 .
  • Allen , M. 2006 . The varieties of capitalism paradigm: Explaining Germany's comparative advantage? , Basingstoke : Palgrave .
  • Amable , B. 2003 . The diversity of modern capitalism , Oxford : Oxford University Press .
  • Arestis , P. & Sawyer , M. 2007 . Political economy of Latin America: Recent economic performance . Basingstoke : Palgrave .
  • Baker , D. , Glyn , A. , Howell , D. and Schmitt , J. 2005 . “ Labour market institutions: A critical assessment of the cross-country evidence ” . In Fighting unemployment: The limits of free market orthodoxy , Edited by: Howell , D. Oxford : Oxford University Press .
  • Bartle , I. 2002 . When institutions no longer matter: Reform of telecommunications and electricity in Germany, France and Britain . Journal of Public Policy , 22 ( 1 ) : 1 – 27 .
  • Becker , U. 2001 . A ‘Dutch model’: Employment growth by corporatist consensus and wage restraint? . New Political Economy , 6 ( 1 ) : 19 – 43 .
  • Beyer , J. and Hassel , A. 2002 . The effects of convergence: Internationalization and the changing distribution of net value added in large German firms . Economy and Society , 31 ( 3 ) : 309 – 32 .
  • Boyer , R. 2005 . How and why capitalisms differ . Economy and Society , 34 ( 4 ) : 509 – 57 .
  • Boylan , D. 2001 . Defusing democracy: Central bank autonomy and the transition from authoritarian rule , Ann Arbor , MI : University of Michigan Press .
  • Cernat , L. 2006 . Europeanization, varieties of capitalism and economic performance in Central and Eastern Europe , Basingstoke : Palgrave .
  • Chibber , V. 2003 . Locked in place: State-building and late industrialization in India , Princeton , NJ : Princeton University Press .
  • Clift , B. 2007 . French corporate governance in the new global economy: Mechanisms of change and hybridisation within models of capitalism . Political Studies , 55 ( 3 ) : 546 – 67 .
  • Dalziel , P. 2002 . New Zealand's economic reforms: An assessment . Review of Political Economy , 14 ( 1 ) : 31 – 46 .
  • Deeg , R. and Perez , S. 2000 . International capital mobility and domestic institutions: Corporate finance and governance in four European cases . Governance , 13 ( 2 ) : 119 – 53 .
  • Dew-Becker , I. & Gordon , R. 2005 . Where did the productivity growth go? Inflation dynamics and the distribution of income . Brookings Papers on Economic Activity No. 2 .
  • Durand , F. and Silva , E. 1998 . Organized business, economic change, and democracy in Latin America , Miami , FL : North-South Center Press .
  • Engerman , S. & Sokoloff , K. 2003 . Institutional and non-institutional explanations of economic differences . NBER Working Papers No. 9989 .
  • Epstein , G. 2005 . Financialization and the world economy . Cheltenham : Edward Elgar
  • Ferrara , M. 1996 . The Southern model of welfare in social Europe . Journal of European Social Policy , 6 ( 1 ) : 17 – 37 .
  • Frantzen , D. 2000 . Innovation, international technological diffusion and the changing influence of R&D on productivity . Cambridge Journal of Economics , 24 ( 2 ) : 193 – 210 .
  • Freeman , R. 2001 . “ Single-peaked versus diversified capitalism: The relation between economic institutions and outcomes ” . In Advances in macroeconomic theory , Edited by: Dreze , J. Basingstoke : Palgrave .
  • Gibson , H. and Tsakalotos , E. 2003 . “ Finance–industry relationships in Europe and the prospects for growth and convergence ” . In Globalisation, regionalism and economic activity , Edited by: Arestis , P. , Baddeley , M. and McCombie , J. S. L. Cheltenham : Edward Elgar .
  • Glyn , A. 2001 . Inequalities of employment and wages in OECD countries . Oxford Bulletin of Economics and Statistics , 63 : 697 – 713 .
  • Goergen , M. and Renneboog , L. 2001 . “ Strong managers and passive investors in the United Kingdom ” . In The control of corporate Europe , Edited by: Barca , F. and Becht , M. Oxford : Oxford University Press .
  • Grabel , I. 1995 . Speculation-led economic development: A post-Keynesian interpretation of financial liberalization programmes in the third world . International Review of Applied Economics , 9 ( 2 ) : 127 – 49 .
  • Grahl , J. 2001 . Globalized finance: The challenge to the Euro . New Left Review , 2 ( 8 ) : 23 – 47 .
  • Guscina , A. 2006 . Effects of globalization on labor's share in national income . International Monetary Fund Working Paper No. 06/294 .
  • Hall , P. A. & Gingerich , D. 2004 . Varieties of capitalism and institutional complementarities in the macroeconomy . Max Plank Institute for the Study of Societies Discussion Paper No. 04/5 .
  • Hall , P. A. and Soskice , D. 2001 . “ Introduction ” . In Varieties of capitalism: Institutional sources of comparative advantage , Edited by: Hall , P. A. and Soskice , D. Oxford : Oxford University Press .
  • Hall , P. A. and Soskice , D. 2003 . Varieties of capitalism and institutional change . Comparative European Politics , 1 ( 2 ) : 241 – 50 .
  • Hancké , B. 2002 . Large firms and institutional change: Industrial renewal and economic restructuring , Oxford : Oxford University Press .
  • Hassel , A. 2007 . “ What does business want? Labour market reforms in CMEs and its problems ” . In Beyond varieties of capitalism , Edited by: Hancké , B. , Rhodes , M. and Thatcher , M. Oxford : Oxford University Press .
  • Hein , E. , Schulten , T. and Truger , A. 2006 . “ Deflation risks in Germany and the EMU ” . In Wages, employment, distribution and growth , Edited by: Hein , E. , Heise , A. and Truger , A. Basingstoke : Palgrave .
  • Holmstrom , B. and Kaplan , S. 2001 . Corporate governance and merger activity in the United States . Journal of Economic Perspectives , 15 ( 2 ) : 121 – 44 .
  • Huber , E. 2002 . Models of capitalism: Lessons for Latin America . Pennsylvania , PA : Pennsylvania State University Press .
  • Isham , J. , Woolcock , M. , Pritchett , L. and Busby , G. 2005 . The varieties of resource experience: Natural resource export structures and the political economy of economic growth . World Bank Economic Review , 19 : 141 – 74 .
  • Iversen , T. 1999 . Contested economic institutions: The politics of macroeconomics and wage bargaining in advanced democracies , Cambridge : Cambridge University Press .
  • Jones , E. 1999 . Is ‘competitive’ corporatism an adequate response to globalisation? Evidence from the Low Countries . West European Politics , 22 ( 3 ) : 159 – 81 .
  • Jones , E. 2008 . Economic adjustment and political transformation in small states , Oxford : Oxford University Press .
  • Kato , J. 2003 . Regressive taxation and the welfare state , Cambridge : Cambridge University Press .
  • Katz , H. 2005 . The causes and consequences of increased within-country variance in employment practices . British Journal of Industrial Relations , 43 ( 4 ) : 577 – 83 .
  • Katz , H. and Darbishire , O. 2000 . Converging divergences: Worldwide changes in employment systems , Ithaca , NY : Cornell University Press .
  • Kaufman , R. and Segura-Ubiergo , A. 2001 . Globalization, domestic politics and social spending in Latin America . World Politics , 53 ( 4 ) : 553 – 87 .
  • Kenworthy , L. 2003 . Do advanced countries face an income-jobs trade-off? . Comparative Political Studies , 36 ( 10 ) : 1180 – 209 .
  • Kenworthy , L. 2006 . Institutional coherence and macroeconomic performance . Socio-Economic Review , 4 : 69 – 91 .
  • Kinderman , D. 2005 . Pressure from without, subversion from within: The two-pronged German employer offensive . Comparative European Politics , 3 : 432 – 63 .
  • King , D. and Wood , S. 1999 . “ The political economy of neoliberalism: Britain and the United States in the 1980s ” . In Continuity and change in contemporary capitalism , Edited by: Kitschelt , H. , Lange , P. , Marks , G. and Stephens , J. Cambridge : Cambridge University Press .
  • Kitson , M. 2005 . The American economic model and European economic policy . Regional Studies , 39 ( 7 ) : 987 – 1001 .
  • Lall , S. 2000 . The technological structure and performance of developing country manufactured exports, 1985–98 . Oxford Development Studies , 28 ( 3 ) : 337 – 69 .
  • Landesmann , M. and Vartiainen , J. 1992 . “ Social corporatism and long-term economic performance ” . In Social corporatism: A superior economic system? , Edited by: Pekkarinen , J. , Pohjola , M. and Rowthorn , B. Oxford : Oxford University Press .
  • Lane , C. 2003 . Changes in corporate governance of German corporations: Convergence to the Anglo-American model? . Competition and Change , 7 ( 2–3 ) : 79 – 100 .
  • Levy , J. D. 2006 . The state after statism: New state activities in the age of liberalization . Cambridge , MA : Harvard University Press .
  • Liberati , P. 2007 . Trade openness, capital openness and government size . Journal of Public Policy , 27 ( 2 ) : 215 – 47 .
  • Mahon , J. 1996 . Mobile capital and Latin American development , Ann Arbor , MI : University of Michigan Press .
  • Matsuura , K. , Pollitt , M. , Takada , R. & Tanaka , S. 2003 . Institutional restructuring in the Japanese economy . Journal of Economic Issues , 37 4 , 999 – 1022 . Also in Perraton & Clift (2004) .
  • Mohun , S. 2006 . Distributive shares in the US economy, 1964–2001 . Cambridge Journal of Economics , 30 ( 3 ) : 347 – 70 .
  • Moran , M. 2006 . The transformation of the British state: From club government to state-administered high modernism . In Levy (2006) .
  • Morin , F. 2000 . A transformation in the French model of shareholding and management . Economy and Society , 29 ( 1 ) : 36 – 53 .
  • Murillo , M. 2000 . From populism to neoliberalism: Labor unions and market reforms in Latin America . World Politics , 52(2) .
  • Nabeshima , N. 2000 . “ The financial mode of régulation in Japan and its demise ” . In Japanese capitalism in crisis , Edited by: Boyer , R. and Yamada , T. London : Routledge .
  • Ochel , W. 2005 . Decentralizing wage bargaining in Germany: A way to increase employment? . Labour , 19 ( 1 ) : 91 – 121 .
  • OECD 2004 . Employment outlook 2004 . Paris : Organisation for Economic Co-operation and Development .
  • Palley , T. 2005 . Labour standards, democracy and wages . Journal of International Development , 17 : 883 – 98 .
  • Palley , T. 2007 . Financialization: What it is and why it matters . Levy Economics Institute Working Paper No. 525 .
  • Pempel , T. 2002 . Labor exclusion and privatized welfare: Two key aspects to Asian capitalist development . In Huber (2002) .
  • Peres , W. 2002 . Industrial competitiveness policies in Latin America and the Caribbean in the 1990s . In Huber (2002) .
  • Perraton , J. 2005 . “ What's left of ‘state capacity’? The developmental state after globalisation and the East Asian crisis ” . In Global encounters: International political economy, development and globalisation , Edited by: Harrison , G. Basingstoke : Palgrave .
  • Perraton , J. 2007 . Varieties of capitalism and institutional change . Comparative Social Research , 24 : 205 – 58 .
  • Perraton , J. & Clift , B. 2004 . Where are national capitalisms now? Basingstoke : Palgrave .
  • Pryor , F. 2005 . Market economic systems . Journal of Comparative Economics , 33 ( 1 ) : 25 – 46 .
  • Pryor , F. 2006 . Economic systems of developing nations . Comparative Economics Studies , 48 : 77 – 99 .
  • Raess , D. 2006 . Globalization and why the ‘time is ripe’ for the transformation of German industrial relations . Review of International Political Economy , 13 ( 3 ) : 449 – 79 .
  • Rodrik , D. 1997 . Has globalization gone too far? , Washington , DC : Institute for International Economics .
  • Rodrik , D. 2007 . One economics, many recipes: Globalization, institutions, and economic growth , Princeton , NJ : Princeton University Press .
  • Rodrik , D. , Subramanian , A. and Trebbi , F. 2004 . Institutions rule: The primacy of institutions over geography and integration in economic development . Journal of Economic Growth , 9 ( 2 ) : 131 – 65 .
  • Royo , S. 2002 . ‘A new century of corporatism?’ Corporatism in Spain and Portugal . West European Politics , 25 ( 3 ) : 77 – 104 .
  • Rudra , N. 2002 . Globalization and the decline of the welfare state in less-developed countries . International Organization , 56 ( 2 ) : 411 – 45 .
  • Rudra , N. 2004 . Openness, welfare expenditure and inequality in the developing world . International Studies Quarterly , 48 : 683 – 709 .
  • Sandbrook , R. , Edelman , M. , Heller , P. and Teichman , J. 2007 . Social democracy in the global periphery , Cambridge : Cambridge University Press .
  • Sanz , I. and Velázquez , F. 2006 . Has European economic integration affected the functional composition of government expenditures? . Contemporary Economic Policy , 24 ( 2 ) : 300 – 15 .
  • Sapir , A. , Aghion , P. , Bertola , B. , Hellwig , M. , Pisani-Ferry , J. , Rosati , D. , Viñals , J. , Wallace , H. , with Buti , M. , Nava , M. and Smith , P. M. 2004 . An agenda for a growing Europe , Oxford : Oxford University Press .
  • Sartiz , C. 2007 . Financial structure, investment and economic development . Paper presented to Finance-led Capitalism? Macroeconomic Effects of Changes in the Financial Sector Workshop, Hans-Böckler-Stiftung, Research Network on Macroeconomic Policies, Berlin , 26–7 October .
  • Schaberg , M. 1999 . Globalization and the erosion of national financial systems , Cheltenham : Edward Elgar .
  • Schmidt , R. , Hackethal , A. and Tyrell , M. 1999 . Disintermediation and the role of banks in Europe . Journal of Financial Intermediation , 8 ( 1 ) : 36 – 67 .
  • Schneider , B. R. & Soskice , D. 2009 . Inequality in developed countries and Latin America: Coordinated, liberal and hierarchical systems . Economy and Society , 38(1) .
  • Schrank , A. 2009 . Understanding Latin American political economy: Varieties of capitalism or fiscal sociology? Economy and Society , 38(1) .
  • Schwartz , H. 1994 . Small states in big trouble: State reorganization in Australia, Denmark, New Zealand, and Sweden in the 1980s . World Politics , 46 ( 4 ) : 527 – 55 .
  • Serot , A. 2002 . When national institutions do not matter: The importance of international factors: pricing policies in telecoms . Journal of European Public Policy , 9 ( 6 ) : 973 – 94 .
  • Sheahan , J. 2002 . Alternative models of capitalism in Latin America . In Huber (2002) .
  • Shin , J. and Chang , H.-J. 2005 . Economic reform after the financial crisis: A critical assessment of institutional transition and transition costs in South Korea . Review of International Political Economy , 12 ( 3 ) : 409 – 33 .
  • Singh , A. 1998 . Savings, investment and the corporation in the East Asian miracle . Journal of Development Studies , 34 ( 6 ) : 112 – 37 .
  • Singh , A. and Dhumale , R. 2005 . “ Globalization, technology and income inequality: A critical analysis ” . In Inequality, growth, and poverty in an era of liberalization and globalization , Edited by: Cornia , G. A. Oxford : Oxford University Press .
  • Singh , A. , Glen , J. , Zammitt , A. , De Hoyos , R. , Singh , A. and Weiss , B. 2005 . Shareholder value maximisation, stock market and new technology: Should the US corporate model be the universal standard? . International Review of Applied Economics , 19 ( 4 ) : 419 – 37 .
  • Skidmore , M. , Toya , H. and Merriman , D. 2004 . Convergence in government spending: Theory and cross-country evidence . Kyklos , 57 ( 4 ) : 587 – 620 .
  • Smith , W. R. 1998 . The left's dirty job: The politics of industrial restructuring in France and Spain , Pittsburgh , PA : University of Pittsburgh Press .
  • Soskice , D. 1999 . “ Divergent production regimes: Coordinated and uncoordinated market economies in the 1980s and 1990s ” . In Continuity and change in contemporary capitalism , Edited by: Kitschelt , H. , Lange , P. , Marks , G. and Stephens , J. Cambridge : Cambridge University Press .
  • Stephens , J. 2002 . European welfare state regimes . In Huber (2002) .
  • Stockhammer , E. 2004 . The rise of unemployment in Europe: A Keynesian approach , Cheltenham : Edward Elgar .
  • Taylor , M. 2004 . Empirical evidence against varieties of capitalism's theory of technological innovation . International Organization , 58 : 601 – 31 .
  • Thelen , K. 2000 . “ Why German employers cannot bring themselves to dismantle the German model ” . In Unions, employers and central banks , Edited by: Iversen , T. , Pontusson , J. and Soskice , D. Cambridge : Cambridge University Press .
  • Thelen , K. 2001 . “ Varieties of labor politics in developed democracies ” . In Varieties of capitalism: The institutional foundations of comparative advantage , Edited by: Hall , P. and Soskice , D. Oxford : Oxford University Press .
  • Varghese , R. 2001 . Theorizing social democracy in an era of globalization . Review of International Political Economy , 8 ( 4 ) : 720 – 38 .
  • Vartiainen , J. 1999 . “ The economics of successful state intervention in industrial transformation ” . In The developmental state , Edited by: Woo-Cumings , M. Ithaca , NY : Cornell University Press .
  • Vartiainen , J. 2004 . Scandinavian capitalism at the turn of the century . In Perraton & Clift (2004) .
  • Watson , M. 2001 . Embedding the ‘new economy’ in Europe: A study in the institutional specificities of knowledge-based growth . Economy and Society , 30 ( 4 ) : 504 – 23 .
  • Weyland , K. 2004 . Neoliberalism and democracy in Latin America . Latin American Politics and Society , 46 : 135 – 57 .
  • Williamson , J. 1993 . Democracy and the ‘Washington Consensus’ . World Development , 21 ( 8 ) : 1329 – 1336 .
  • Wise , C. 2003 . Reinventing the state: Economic strategy and institutional change in Peru , Ann Arbor , MI : University of Michigan Press .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.