The Turn towards Comparative Capitalisms and the Relationship with IPE
During the second half of the twentieth century, the foundation was laid for the discovery of distinct models of capitalism. Organized and tightly regulated models underwent liberalizing changes from the 1970s onwards, reflecting new thinking in public administration, economics, and real world politics. At the same time, the tumultuous geo-political landscape of the 1970s inspired the subfield of international political economy, a related field that occasionally veers into the same territory and related questions, yet sits analytically separate from Comparative Political Economy. Debates about neocorporatism and cross-over contributions that straddle the divide between the field are explored in depth. Finally, the Varieties of Capitalism debate is briefly introduced which was inspired by the globalization literature of the 1990s and its claim of convergence. This chapter concludes the critical review of the foundations of the field.
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