This book combines two strands of international political economy; examining how capitalism and democracy shape and are shaped by each other. Although until now considered separately, this path-breaking book proposes an innovative view of a political-economic system that inextricably links the model of capitalism to the type of democracy, where continuation is mutually reinforced.

Advanced countries have achieved post-war affluence by adopting one of two contrasting models of capitalism; liberal market economies or coordinated market economies, and two opposing types of democracies: consensus or majoritarian democracies. Expert contributors in the field consider the question of whether and how globalization is transforming the post-war political–economic systems of advanced countries such as Britain, France, Germany, Italy and Japan, as well as the question of how it is shaping democracy and capitalism combinations in former socialist countries in Eastern Europe and the new "capitalist" China. The book examines various topics, including party system change, a political dilemma of the established party, and corporate governance reforms, to posit an original an innovative theory of international political economy.

Variety of Capitalism, Types of Democracy and Globalization will be of interest to students and scholars of comparative politics, political economy and globalization.

part I|51 pages

Theory and measurement

chapter 1|14 pages


Varieties of capitalism, types of democracy, and globalization
ByHelen Callaghan, Masanobu Ido

chapter 2|35 pages

Varieties of capitalism and types of democracy*

ByPhilippe C. Schmitter, Arpad Todor

part II|113 pages

Changing ToD–VoC combinations in advanced democracies

chapter 4|26 pages

Reversing the causal arrow

How ownership structure shapes party positions in Britain, Germany and France1
ByHelen Callaghan

chapter 5|18 pages

Politics against market

The hard way of Italian capitalism
ByLuigi Burroni, Carlo Trigilia

chapter 6|18 pages

Between pork and productivity

Upending the Japanese model of capitalism
ByT. J. Pempel

chapter 7|24 pages

Divergent fate of left parties in political economic regime transitions

Italy and Japan in the 1990s
ByHideko Magara

part III|49 pages

Emergence of new VoC in new and non-democracies

chapter 8|24 pages

A macro-historical analysis

Globalization, party-state, and capital in China's emergent capitalism
ByChristopher A. McNally