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Varieties of Capitalism in Spain: Business and the Politics of Coordination
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Varieties of Capitalism in Spain:
Business and the Politics of Coordination
Sebastián Royo, Ph.D.
Institutional Affiliation:
Associate Professor of Government at Suffolk University, Boston, MA, Director Suffolk University Madrid
Campus, and Affiliate and co-chair of the Iberian Study Group at the Minda de Gunzburg Center for
European Studies at Harvard University, Cambridge, MA.
Contact Information:
Suffolk University
Government Department
Beacon Hill
41 Temple St. 5
th
Floor
Boston, MA 02114
## email not listed ##
www.cas.suffolk.edu/royo
617-573-8343
Fax: 617-367-4623
Abstract
The proponents of globalization contend that European countries are now converging on an Anglo-American model of capitalism. Contrary to this prediction, this paper will show that in Spain globalization and EMU have promoted rather that undermined coordination among economic actors. Unable to escape from economic interdependence the Spanish economic actors have developed coordinating capacities at the macro and micro levels to address and resolve tensions between economic interdependence and political sovereignty. In this paper I show that institutional change is a political matter and therefore it is possible to develop coordination capacities in countries that lack the strong tradition of Coordinated Market Economies (CMEs). The main claim is that in the industrial relations realm the trajectory of chance in Spain parallels development in the CMEs more closely than those in the Liberal Market Economies (LMEs). The central argument is that successful coordination depends not only on the organization of the social actors but also on their interests and strategies. This paper looks at the evolving interests of capital and the structural and political constraints within which employers define and defend their interests.
This paper is a draft. Please do not quote without permission from the author.Prepared for delivery at the 2005 Annual Meeting of the American Political Science Association, September 1 - September 4, 2005. Copyright by the American Political Science Association.
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| | Authors: Royo, Sebastian. |
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Varieties of Capitalism in Spain:
Business and the Politics of Coordination
Sebastián Royo, Ph.D.
Institutional Affiliation:
Associate Professor of Government at Suffolk University, Boston, MA, Director Suffolk University Madrid
Campus, and Affiliate and co-chair of the Iberian Study Group at the Minda de Gunzburg Center for
European Studies at Harvard University, Cambridge, MA.
Contact Information:
Suffolk University
Government Department
Beacon Hill
41 Temple St. 5
th
Floor
Boston, MA 02114
www.cas.suffolk.edu/royo
617-573-8343
Fax: 617-367-4623
Abstract
The proponents of globalization contend that European countries are now converging on an Anglo-
American model of capitalism. Contrary to this prediction, this paper will show that in Spain globalization
and EMU have promoted rather that undermined coordination among economic actors. Unable to escape
from economic interdependence the Spanish economic actors have developed coordinating capacities at the
macro and micro levels to address and resolve tensions between economic interdependence and political
sovereignty. In this paper I show that institutional change is a political matter and therefore it is possible to
develop coordination capacities in countries that lack the strong tradition of Coordinated Market
Economies (CMEs). The main claim is that in the industrial relations realm the trajectory of chance in
Spain parallels development in the CMEs more closely than those in the Liberal Market Economies
(LMEs). The central argument is that successful coordination depends not only on the organization of the
social actors but also on their interests and strategies. This paper looks at the evolving interests of capital
and the structural and political constraints within which employers define and defend their interests.
This paper is a draft. Please do not quote without permission from the author.
Prepared for delivery at the 2005 Annual Meeting of the American Political Science Association,
September 1 - September 4, 2005. Copyright by the American Political Science Association.
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