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Comparing the institutional structures of the BRIC political economies. Theoretical considerations and first empirical results

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Abstract:

The paper discusses how to integrate emerging economies into the comparative study of capitalist varieties. To enhance this study it presents criteria and a typology somewhat diverging from the dominant view and applies this framework to a tentative analysis of the changing political economies of Brazil, China, India and Russia, (BRICs). Mapping their institutional diversity and change requires a typology that rigorously distinguishes ideal types from empirical cases. Types idealize reality by emphasizing certain aspects, while cases such as emerging capitalisms only approximate types and combine aspects of them. Types are fixed, cases moving. Five types are proposed: liberal, statist, corporatist, meso-communitarian and patrimonial. The criteria to identify institutional peculiarities are i.a. the capital-labour and state-economy relationships. Indicators of them are the levels of market capitalization state ownership, welfare benefits, employment protection, product market regulation, employee influence and corruption, the (non-)presence of institutional structures of corporatism and meso-communitarianism, and the character of the political regime. First results of the comparison of the BRICs show that patrimonialism is strong in all of them, but that it has somewhat declined in the past fifteen to twenty years and cleared space for liberalization. Statism has, with the exception of India, also been strongly present and underwent a development similar to that of patrimonialism although some re-etatization took place in China and Russia. All BRICs appear to be hybrid cases featuring changing constellations of patrimonialism, statism and liberalism. Brazilian capitalism moreover has a corporatist component.
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Name: SASE Annual Conference
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http://www.sase.org


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URL: http://citation.allacademic.com/meta/p498358_index.html
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MLA Citation:

Becker, Uwe. "Comparing the institutional structures of the BRIC political economies. Theoretical considerations and first empirical results" Paper presented at the annual meeting of the SASE Annual Conference, Autonomous University of Madrid, Spain, Madrid, Spain, <Not Available>. 2014-11-25 <http://citation.allacademic.com/meta/p498358_index.html>

APA Citation:

Becker, U. "Comparing the institutional structures of the BRIC political economies. Theoretical considerations and first empirical results" Paper presented at the annual meeting of the SASE Annual Conference, Autonomous University of Madrid, Spain, Madrid, Spain <Not Available>. 2014-11-25 from http://citation.allacademic.com/meta/p498358_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: The paper discusses how to integrate emerging economies into the comparative study of capitalist varieties. To enhance this study it presents criteria and a typology somewhat diverging from the dominant view and applies this framework to a tentative analysis of the changing political economies of Brazil, China, India and Russia, (BRICs). Mapping their institutional diversity and change requires a typology that rigorously distinguishes ideal types from empirical cases. Types idealize reality by emphasizing certain aspects, while cases such as emerging capitalisms only approximate types and combine aspects of them. Types are fixed, cases moving. Five types are proposed: liberal, statist, corporatist, meso-communitarian and patrimonial. The criteria to identify institutional peculiarities are i.a. the capital-labour and state-economy relationships. Indicators of them are the levels of market capitalization state ownership, welfare benefits, employment protection, product market regulation, employee influence and corruption, the (non-)presence of institutional structures of corporatism and meso-communitarianism, and the character of the political regime. First results of the comparison of the BRICs show that patrimonialism is strong in all of them, but that it has somewhat declined in the past fifteen to twenty years and cleared space for liberalization. Statism has, with the exception of India, also been strongly present and underwent a development similar to that of patrimonialism although some re-etatization took place in China and Russia. All BRICs appear to be hybrid cases featuring changing constellations of patrimonialism, statism and liberalism. Brazilian capitalism moreover has a corporatist component.


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