Varieties of capitalism debate hints at policy choices
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In this article
- Two varieties
- Liberal market economies (LMEs)
- Coordinated market economies (CMEs).
- CME variations
- Germany
- Scandinavia
- East Asia and France
- Policy implications
- Deregulation
- Dualisation
- Flexibilisation
- Inequality
- Crisis
- Problems
- Hierarchical market economies
- A different allocation mechanism
- Dominant firm types
- Labour markets
- Poor human capital
- Vicious cycle
- Skill demand
- Skill supply
- Stuck with commodities
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