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Varieties of Capitalism: The Institutional Foundations of Comparative Advantage

Academy of Management Review · 2003 · Vol. 28(3) · pp. 515–515

Philip K. Porter✉Peter A. HallDavid Soskice

Abstract

What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success.

Economic Theory and Policy Global Financial Crisis and Policies Regional Development and PolicyCapitalismForcing (mathematics)GlobalizationWork (physics)EconomicsEconomic systemEconomic globalizationNeoclassical economicsPolitical scienceEconomic geography

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Comparing capitalisms: understanding institutional diversity and its implications for international business