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Political Economy of Illiberal Capitalism in Hungary and Poland

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  • Jakub Szabó

Abstract

Has the recent illiberal surge altered the neoliberal orthodoxy prevailing in post-1989 Hungary and Poland towards a more developmental modus operandi, or has it just camouflaged embedded neoliberalism with a developmental narrative? This article, trying to contribute to answering the aforementioned question, is structured as follows. First, we provide a general overview of the comparative capitalism approach. We extend the original conceptualizations by the framework of varieties of illiberal capitalism and present two ideal types of illiberal capitalism. Then, we assess five institutional areas of the political economy of contemporary Hungary and Poland. We conclude that although Hungary remains faithful to the neoliberal economic orthodoxy so far with illiberal political forces merely camouflaging its true essence due to political and utilitarian reasons, the post-2015 government in Poland managed to move its economic model closer to a more developmental modus operandi.

Suggested Citation

  • Jakub Szabó, 2022. "Political Economy of Illiberal Capitalism in Hungary and Poland," Politická ekonomie, Prague University of Economics and Business, vol. 2022(5), pages 617-637.
    • Handle: RePEc:prg:jnlpol:v:2022:y:2022:i:5:id:1364:p:617-637
    DOI: 10.18267/j.polek.1364
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    References listed on IDEAS

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    1. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    2. Robert H. Wade, 2018. "The Developmental State: Dead or Alive?," Development and Change, International Institute of Social Studies, vol. 49(2), pages 518-546, March.
    3. Wade, Robert H., 2018. "The developmental state: dead or alive?," LSE Research Online Documents on Economics 87356, London School of Economics and Political Science, LSE Library.
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    More about this item

    Keywords

    Varieties of illiberal capitalism; neoliberal market economy; developmental market economy; Hungary; Poland;
    All these keywords.

    JEL classification:

    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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