Political Economy of Capitalisms

This book presents the results of a collective and original empirical investigation of the institutional systems underlying the capitalisms that are coming to the fore in developing nations. While varieties of industrialized countries’ capitalisms are extensively scrutinized, those of developing countries’ capitalisms are far less documented. By implementing a unified and original comparative approach based on the institutional complementarity theory, the different contributions of the book find evidence for the originality and extreme heterogeneity of the forms of capitalism to be observed in developing countries. This text analyses capitalist systems as clusters of sectoral institutions and regulations, identifying differences in emerging and developing countries.

Over the last decade, political economists and other macro-oriented scholars have increasingly focused on the comparative specificities of distinct capitalist systems.

This book takes a comparative approach to economic history to offer ways to increase our understanding of the divergence between South America and Scandinavia. In particular, the book aims to deepen our understanding of why the two groups of countries have set out on radically different pathways with regard to industrialisation, long-term economic growth and income distribution.

Firms in the clothing industry engage in global sourcing and operate in global markets.