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Series:   Elements in Reinventing Capitalism

The Future of Work in Diverse Economic Systems

The Varieties of Capitalism Perspective

Published online by Cambridge University Press:  09 January 2024

Daniel Friel
Daniel Friel
Affiliation:
Universidad de San Andrés

Summary

This Element reviews the varieties of capitalism approach (VoC) first developed by Hall and Soskice and subsequent extensions to emerging markets. The author suggests that by reinvigorating existing ideal types and creating new ones through an analysis of its five variables in a variety of countries VoC can be used to evaluate the viability of economic reforms across a wide range of countries. He argues that governments should base changes on lessons from other countries belonging to their ideal type. This Element illustrates the utility of VoC in understanding how reforms will differ across countries by examining how the future of work is likely to differ across nations depending on the degree to which the five institutions explored in this approach promote the standardization of tasks. It analyzes how these institutions shape degrees of standardization in the United States, Germany, and Brazil, offering suggestions for reforms in each of them.
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Keywords

varieties of capitalismcomparative capitalismcomparative institutionalismfuture of workreforming capitalism
Type
Element
Information
Series: Elements in Reinventing Capitalism
Online ISBN: 9781009234627
Publisher: Cambridge University Press
Print publication: 15 February 2024

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The Future of Work in Diverse Economic Systems
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