Varieties of capitalism and national systems of innovation : a new perspective on the convergence debate

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2012
Karaoğuz, Hüseyin Emre
The main objective of this thesis is to propose a new perspective in terms of the convergence debate as it is discussed in varieties-of-capitalism (VoC) literature. The initial configuration of VoC stance as well as a part of the literature foresees the convergence of hybrids to a liberal market economy. By revisiting the core arguments of national-systems-of-innovation approach as well as the elaborations of the various critiques of VoC stance, we will propose the opposite. If we are to take ‘innovation’ as a starting-point of analysis and favor government intervention with respect to it, hybrids are more likely to converge to a political economy that resembles more a coordinated-one. However the meanings of the key terms such as ‘coordinated-market-economy’ and ‘convergence’ will be re-evaluated to be able to provide an adequate standpoint in terms of the convergence debate.
Citation Formats
H. E. Karaoğuz, “Varieties of capitalism and national systems of innovation : a new perspective on the convergence debate,” M.S. - Master of Science, Middle East Technical University, 2012.