scholarly journals Varieties of Capitalism and Institutional Complementarities in the Political Economy: An Empirical Analysis

2009 ◽  
Vol 39 (3) ◽  
pp. 449-482 ◽  
Author(s):  
Peter A. Hall ◽  
Daniel W. Gingerich
Keyword(s):  
Political Economy ◽  
Corporate Governance ◽  
Statistical Analysis ◽  
Institutional Change ◽  
Institutional Reform ◽  
Varieties Of Capitalism ◽  
The Political ◽  
Labour Relations ◽  
Comparative Capitalism ◽  
The Impact

This article provides a statistical analysis of core contentions of the ‘varieties of capitalism’ perspective on comparative capitalism. The authors construct indices to assess whether patterns of co-ordination in the OECD economies conform to the predictions of the theory and compare the correspondence of institutions across subspheres of the political economy. They test whether institutional complementarities occur across these subspheres by estimating the impact of complementarities in labour relations and corporate governance on growth rates. To assess the durability of varieties of capitalism, they report on the extent of institutional change in the 1980s and 1990s. Powerful interaction effects across institutions in the subspheres of the political economy must be considered if assessments of the economic impact of institutional reform in any one sphere are to be accurate.

Food, Water and the Consequences of Society Not Valuing the Environment

2019 ◽  
pp. 858-878 ◽  
Author(s):  
Tony Allan
Keyword(s):  
Political Economy ◽  
Human Health ◽  
Food Production ◽  
Food System ◽  
Food Prices ◽  
The Political ◽  
Environmental Services ◽  
Accounting Systems ◽  
The Impact

The first purpose of this chapter is to highlight the impact of the food system on environmental and human health. The delivery of secure affordable food is a political imperative. Unfortunately, the food system that delivers it is environmentally blind. Food prices do not effectively reflect the value of food and often seriously mislead on the costs and impacts of food production. For example, actual food production takes place in a failed market—the value of environmental services such as water and the supporting ecosystems are not taken into account. The second purpose is to summarize and expose the political economy of the different ‘market’ modes of the food system. It is shown that there are weak players such as underrewarded and undervalued farmers who support society by producing food and stewarding our unvalued environment. The inadequacies of accounting systems are also critiqued.

The Political Economy and Political Aesthetics of Military Maps

2019 ◽  
pp. 184-205
Author(s):  
Catherine Lutz
Keyword(s):  
Political Economy ◽  
Environmental Impact ◽  
The Political ◽  
Two Dimensional ◽  
Island Populations ◽  
Political Aesthetics ◽  
The Us ◽  
Representational Power ◽  
The Impact

This chapter explores the representational power of maps and the violence inherent in removing volume with two-dimensional ‘objectivity’. The focus is on maps, norms and militarist institutions in Guam, foregrounding underexplored aesthetic dimensions in reports on the environmental impact of the US presence. The impact of overseas US bases is striking, a global archipelago of military infrastructure that impacts on ‘strategic and disposable’ island populations. This chapter recognizes the layers of security available even in ‘transparent’ maps.

Duterte’s Foreign Policy Pivot and Its Impact on Philippine Trade and Investments: An International Political Economy Perspective

2020 ◽  
Vol 41 (1-2) ◽  
pp. 127-160
Author(s):  
Jenny D. Balboa
Keyword(s):  
Political Economy ◽  
Foreign Policy ◽  
International Political Economy ◽  
The United States ◽  
The Philippines ◽  
The Political ◽  
The European Union ◽  
Economic Relations ◽  
The Impact ◽  
Trade And Investment

Abstract Since the Philippines elected President Rodrigo Duterte in 2016, the country’s foreign policy seems to have become more uncertain. President Duterte’s mercurial personality and antagonistic tirades against the country’s traditional Western allies, including the United States (US) and the European Union (EU), and his statements of building closer ties with China and Russia, had changed the political and diplomatic tone of the Philippines overall. Certainly, the political relationship between the Philippines and the West has been changed by Duterte’s strong remarks against the US and EU. Has this change spilled over to the economy? The paper presents an international political economy framework in examining the impact of Duterte’s foreign policy pivot to the country’s foreign economic relations, focusing on trade and investment. The paper argues that Duterte’s foreign policy shift is mainly shaped by Duterte’s “politics of survival”. Not firmly anchored in any idea, norms, or interest that can clearly benefit the country, Duterte is unable to provide coherent guidance and leadership on the foreign policy pivot, particularly on the economy. Duterte’s lack of guidance provided the technocrats with the policy space to continue the policies from the previous administration and not to divert radically from previous economic policies. The stability of the economic institutions provided a refuge in the period of uncertainty. As a result, the foreign economic relations of the Philippines has not radically shifted. The trade and investment situation of the Philippines remained stable, and economic relations with traditional partners are maintained.

Power and Wealth in Rural China: The Political Economy of Institutional Change By Susan H. Whiting. Cambridge: Cambridge University Press, 2001. 348p. $59.95.

2002 ◽  
Vol 96 (1) ◽  
pp. 252-253
Author(s):  
Benedict Stavis
Keyword(s):  
Political Economy ◽  
Social Science ◽  
Institutional Change ◽  
Rural China ◽  
The Political ◽  
Rural Industry ◽  
Cambridge University ◽  
Social Science Theory ◽  
Science Theory ◽  
Sophisticated Analysis

While this book does not quite cover the broad range promised by its title, it does offer a sophisticated analysis of the privatization of rural industry in China, thick in social science theory and rich with empirical data.

Health Care Public Sector Share and the U.S. Life Expectancy Lag: A Country-level Longitudinal Study

2018 ◽  
Vol 48 (2) ◽  
pp. 328-348 ◽  
Author(s):  
Megan M. Reynolds
Keyword(s):  
Health Care ◽  
Political Economy ◽  
Public Sector ◽  
Life Expectancy ◽  
Policy Implications ◽  
The Political ◽  
Life Expectancy At Birth ◽  
Political Economy Of Health ◽  
The Impact ◽  
The U.S

Growing research on the political economy of health has begun to emphasize sociopolitical influences on cross-national differences in population health above and beyond economic growth. While this research investigates the impact of overall public health spending as a share of GDP (“health care effort”), it has for the most part overlooked the distribution of health care spending across the public and private spheres (“public sector share”). I evaluate the relative contributions of health care effort, public sector share, and GDP to the large and growing disadvantage in U.S. life expectancy at birth relative to peer nations. I do so using fixed effects models with data from 16 wealthy democratic nations between 1960 and 2010. Results indicate that public sector share has a beneficial effect on longevity net of the effect of health care effort and that this effect is nonlinear, decreasing in magnitude as levels rise. Moreover, public sector share is a more powerful predictor of life expectancy at birth than GDP per capita. This study contributes to discussions around the political economy of health, the growth consensus, and the American lag in life expectancy. Policy implications vis-à-vis the U.S. Affordable Care Act are discussed.

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