IDEAS home Printed from https://ideas.repec.org/p/hal/spmain/hal-03380959.html
   My bibliography  Save this paper

Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies

Author

Listed:
  • Anke Hassel

    (Hertie School of Governance [Berlin])

  • Bruno Palier

    (CEE - Centre d'études européennes et de politique comparée (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

The chapter aims at building the theoretical framework to understand the evolution of growth regimes in advanced capitalist economies. It starts by recalling the main questions, approaches, and current debates on the dynamics of capitalist development in the comparative political economy literature. In a second step, it revisits the terms of the various approaches considered (Regulation School, Varieties of Capitalisms, Growth Models), defines growth regimes and growth strategies, and emphasizes the role played by welfare systems in these. Third, it presents the main economic challenges capitalist economies have been confronted with (deindustrialization, financialization, and the rise of the knowledge economy) and underlines the fact that, despite common challenges, the economies have remained distinct. Fourth, it provides an overview of five main ideal-typical growth regimes that have developed in advanced capitalist economies: the dynamic services export-led growth regime, the high-quality manufacturing export-led, the FDI-financed export-led, the finance-based domestic demand-led, and the public-financed domestic demand-led ones. Finally, the chapter summarizes the main contributions of the other chapters of the book.

Suggested Citation

  • Anke Hassel & Bruno Palier, 2021. "Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies," SciencePo Working papers Main hal-03380959, HAL.
    • Handle: RePEc:hal:spmain:hal-03380959
    Note: View the original document on HAL open archive server: https://hal.science/hal-03380959
    as

    Download full text from publisher

    File URL: https://hal.science/hal-03380959/document
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:spmain:hal-03380959. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.