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States can create exceptions to the dominant mode of their political economies : improving the varieties of capitalism theory : case US Boeing and EU Airbus

Top, B.J. (2008) States can create exceptions to the dominant mode of their political economies : improving the varieties of capitalism theory : case US Boeing and EU Airbus.

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Abstract:The Varieties of Capitalism theory is the exemplary citation for all studies of capitalist diversity. The theory arranges nation-states to one of two capitalism typologies. A nation-state is either a Liberal Market Economy or a Coordinated Market Economy. In this master thesis this dualist nature of the Varieties of Capitalism theory is questioned. Empirical evidence of US Boeing and EU Airbus is presented that shows that nation-states have characteristics of both typologies at the same time. States create exceptions to the dominant mode of their political economies with the help of targeted policies and laws. These policies and laws have a neo-mercantilist nature. The exceptions are created in defense related sectors. These explanatory shortcomings of the Varieties of Capitalism theory are improved with the help of two new hypotheses: the analytical unit and the complementarities premises of the theory are improved and a hypothesis is added that explains the neo-mercantilist policies.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics
Programme:European Studies MSc (69303)
Link to this item:http://purl.utwente.nl/essays/58628
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