Types of Political Economy


in Rich Democracies

Published by University of California Press

Published in print January 2002 | ISBN: 9780520231764
Published online March 2012 | e-ISBN: 9780520928336 | DOI:
Types of Political Economy

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This chapter examines different types of political economy in order to explain the differences among market-oriented rich democracies and the occasional areas of divergence. It delineates three types of national bargaining arrangements among major interest groups and government, including democratic corporatism, corporatism-without-labor, and least-consensual democracies. It address the argument that in the last two decades democratic corporatism has collapsed or eroded, that globalization sounds its doom. The chapter presents data that show the ideological and structural roots of these consensual political economies.

Keywords: political economy; rich democracies; divergence; bargaining agreements; democratic corporatism; globalization

Chapter.  25736 words.  Illustrated.

Subjects: Comparative and Historical Sociology

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