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Rich DemocraciesPolitical Economy, Public Policy, and Performance$
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Harold Wilensky

Print publication date: 2002

Print ISBN-13: 9780520231764

Published to California Scholarship Online: March 2012

DOI: 10.1525/california/9780520231764.001.0001

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Types of Political Economy

Types of Political Economy

Chapter:
(p.83) 2 Types of Political Economy
Source:
Rich Democracies
Author(s):

HAROLD L. WILENSKY

Publisher:
University of California Press
DOI:10.1525/california/9780520231764.003.0002

This chapter examines different types of political economy in order to explain the differences among market-oriented rich democracies and the occasional areas of divergence. It delineates three types of national bargaining arrangements among major interest groups and government, including democratic corporatism, corporatism-without-labor, and least-consensual democracies. It address the argument that in the last two decades democratic corporatism has collapsed or eroded, that globalization sounds its doom. The chapter presents data that show the ideological and structural roots of these consensual political economies.

Keywords:   political economy, rich democracies, divergence, bargaining agreements, democratic corporatism, globalization

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