Comparative Capitalism: Innovations in Methods, Models and Applications

Panel Code

With the world still feeling the effects of the 2008 financial crisis, arguably one of the most important challenges in international relations has to do with the governance of the global economy. One theoretical frontier with great potential for helping us to understand the global economy is the evolving field of comparative capitalism. Comparative capitalism is an interdisciplinary field that considers varieties of welfare states, varieties of national business systems, and firm-centred approaches like that of Hall and Soskice’s Varieties of Capitalism Approach. All attempt to understand how the factors that make up a capitalist economy (e.g. labor unions, finance, corporate governance etc.) affect key policy outcomes or explain state behavior. Although debates about the determinants and types of capitalism are ongoing, numerous studies exist that theoretically employ the approach. In fact, empirical applications are well established in single sectors, across small sets of states and within the industrialised and developing worlds. However, a unified set of indicators and a comprehensive process of measurement have yet to be established, especially among the developing economies or across large sets of cases. This panel seeks to advance our understanding of how varying types and typologies of capitalism may impact state behavior and policy outcomes by addressing these shortcomings. Papers submitted to it aim to push the boundaries of what methods, models, and measurements are used in the field, as well as its application in a range of issue areas including gender, development, inequality, technological innovation, corporate governance, finance, education and training, and environmental sustainability.