The Varieties of Capitalism and Hybrid Success: Denmark in the Global Economy

John L. Campbell, Ove K. Pedersen

    Publikation: Working paperForskning

    Resumé

    Proponents of the varieties of capitalism literature maintain that capitalist countries whose institutions best fit either the liberal market economy or coordinated market economy types will perform the best. Countries whose institutions are more mixed will perform less well. This paper challenges that assertion by focusing on Denmark—a country that has performed at least as well as many other advanced capitalist countries during the 1990s, including those that fit much more closely either the pure CME or LME types. Denmark has recently developed a more hybrid form than is generally recognized. The dynamic interaction of elements found in both liberal and coordinated types of capitalism have contributed to its success. This is demonstrated by analyses of the institutions that coordinate Danish labor markets, vocational training, and industrial policy.
    Proponents of the varieties of capitalism literature maintain that capitalist countries whose institutions best fit either the liberal market economy or coordinated market economy types will perform the best. Countries whose institutions are more mixed will perform less well. This paper challenges that assertion by focusing on Denmark—a country that has performed at least as well as many other advanced capitalist countries during the 1990s, including those that fit much more closely either the pure CME or LME types. Denmark has recently developed a more hybrid form than is generally recognized. The dynamic interaction of elements found in both liberal and coordinated types of capitalism have contributed to its success. This is demonstrated by analyses of the institutions that coordinate Danish labor markets, vocational training, and industrial policy.
    SprogEngelsk
    Udgivelses stedKøbenhavn
    UdgiverDepartment of Business and Politics. Copenhagen Business School
    Antal sider23
    ISBN (Trykt)8791690196
    StatusUdgivet - 2005

    Emneord

    • Beskrivende økonomi
    • Danmark

    Citer dette

    Campbell, J. L., & Pedersen, O. K. (2005). The Varieties of Capitalism and Hybrid Success: Denmark in the Global Economy. København: Department of Business and Politics. Copenhagen Business School.
    Campbell, John L. ; Pedersen, Ove K./ The Varieties of Capitalism and Hybrid Success : Denmark in the Global Economy. København : Department of Business and Politics. Copenhagen Business School, 2005.
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    Campbell, JL & Pedersen, OK 2005 'The Varieties of Capitalism and Hybrid Success: Denmark in the Global Economy' Department of Business and Politics. Copenhagen Business School, København.

    The Varieties of Capitalism and Hybrid Success : Denmark in the Global Economy. / Campbell, John L.; Pedersen, Ove K.

    København : Department of Business and Politics. Copenhagen Business School, 2005.

    Publikation: Working paperForskning

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    Campbell JL, Pedersen OK. The Varieties of Capitalism and Hybrid Success: Denmark in the Global Economy. København: Department of Business and Politics. Copenhagen Business School. 2005.