Putting Comparative Capitalism Research in its Place: Varieties of Capitalism in Transition Economies
In Matthias Ebenau, Ian Bruff & Christian May (eds.) New Directions in Critical Comparative Capitalisms Research. London: Palgrave Macmillan; 2015.
18 Pages Posted: 3 Mar 2010 Last revised: 24 Mar 2014
Date Written: February 14, 2014
Drahokoupil and Myant introduce their approach to the capitalist variety in transition economies and make a renewed case for typological theories of economic performance. Their typology aims to account for the different types of international economic integration that characterizes transition economies in Russia, Eastern Europe, and Central Asia. They distinguish four forms of integration through production networks and two forms of integration through finance. The forms of integration and their preconditions can be linked to five types of capitalism that explain the nature of economic integration characterizing a given country: FDI-based market economies, peripheral market economies, order states, oligarchic (clientalistic) capitalism, and remittance/aid-based economies.
Keywords: varieties of capitalism, international integration, Eastern Europe, Russia, Central Asia
JEL Classification: P1, P16, P5
Suggested Citation: Suggested Citation