Resource title

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

Resource image

image for OpenScout resource :: The Varieties of Capitalism and Hybrid Success - Denmark in the Global Economy

Resource description

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.

Resource author

John L. Campbell, Ove K. Pedersen

Resource publisher

Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7351

Resource license

Check the according license before adaptation. When adapting give credits to the original author.