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Models of Capitalism in the New World Order: the UK Case

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  • David Coates

Abstract

In the debate over economic performance which has preoccupied UK policy makers for the last four decades, foreign ‘models’ of more successful capitalisms elsewhere have been an important point of reference. Those models have been variously market‐led (USA), state‐led (Japan) or negotiated/consensual (Germany/Sweden). Of late the UK's own internal economic and social settlement has itself been offered as a viable model for once successful foreign economies now in competitive difficulties. The key features of these various models are analysed, and the UK's changing post‐war position on the map of models is traced. The changing fortunes of these models are then related to developments in the global economy; and an assessment made of the adequacy (and desirability) of the kind of economic order now being canvassed in the UK by the present Labour Government.

Suggested Citation

  • David Coates, 1999. "Models of Capitalism in the New World Order: the UK Case," Political Studies, Political Studies Association, vol. 47(4), pages 643-660, September.
    • Handle: RePEc:bla:polstu:v:47:y:1999:i:4:p:643-660
    DOI: 10.1111/1467-9248.00222
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    Cited by:

    1. Hubert Buch‐Hansen, 2012. "The political economy of regulatory change: The case of British merger control," Regulation & Governance, John Wiley & Sons, vol. 6(1), pages 101-118, March.
    2. Lloyd Steier, 2009. "Familial capitalism in global institutional contexts: Implications for corporate governance and entrepreneurship in East Asia," Asia Pacific Journal of Management, Springer, vol. 26(3), pages 513-535, September.
    3. Streeck, Wolfgang, 2010. "E pluribus unum? Varieties and commonalities of capitalism," MPIfG Discussion Paper 10/12, Max Planck Institute for the Study of Societies.
    4. Sharon Werning Rivera, 2004. "Elites and the Diffusion of Foreign Models in Russia," Political Studies, Political Studies Association, vol. 52(1), pages 43-62, March.

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