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Dorothee Bohle presents the latest draft of her article “Business Power, Growth Models, and Politics of Comparative Capitalism: Explaining the Continuity of FDI-led Growth in Ireland and Hungary”, co-authored with Aidan Regan (University College Dublin)

Dates:
  • Thu 17 Jan 2019 16.00 - 18.00
  Add to Calendar 2019-01-17 16:00 2019-01-17 18:00 Europe/Paris Dorothee Bohle presents the latest draft of her article “Business Power, Growth Models, and Politics of Comparative Capitalism: Explaining the Continuity of FDI-led Growth in Ireland and Hungary”, co-authored with Aidan Regan (University College Dublin)

POLITICAL ECONOMY WORKING GROUP

Abstract: The paper argues that the pattern and policy influence of business-state elites explains the politics of economic development, and that countries can be identified according to their particular growth regime. Building on the “business power” literature within the study of comparative capitalism, we argue that whilst the “policy bargains” between business-state elites shape national growth regimes, these are embedded in electoral and producer group politics. The noisy politics of elections often lead to changes of government, but rarely do they lead to fundamental changes in the growth regime. The continuity of a growth regime can be traced to the interaction and interests of the dominant global firms within a country, and political party and policymaking elites. We develop and test this argument through a most similar comparative case study research design, using the case of FDI-led growth in Ireland and Hungary. FDI-led growth regimes are a particular universe of cases that rely upon foreign ownership to develop export-led growth, and have qualitatively distinct political determinants. Despite a period of boom and bust, followed by a period of noisy post-crisis politics, we trace the stability and continuity of FDI-oriented growth in both of these countries to business state elite deals.

Seminar Room 3, Badia Fiesolana DD/MM/YYYY
  Seminar Room 3, Badia Fiesolana

POLITICAL ECONOMY WORKING GROUP

Abstract: The paper argues that the pattern and policy influence of business-state elites explains the politics of economic development, and that countries can be identified according to their particular growth regime. Building on the “business power” literature within the study of comparative capitalism, we argue that whilst the “policy bargains” between business-state elites shape national growth regimes, these are embedded in electoral and producer group politics. The noisy politics of elections often lead to changes of government, but rarely do they lead to fundamental changes in the growth regime. The continuity of a growth regime can be traced to the interaction and interests of the dominant global firms within a country, and political party and policymaking elites. We develop and test this argument through a most similar comparative case study research design, using the case of FDI-led growth in Ireland and Hungary. FDI-led growth regimes are a particular universe of cases that rely upon foreign ownership to develop export-led growth, and have qualitatively distinct political determinants. Despite a period of boom and bust, followed by a period of noisy post-crisis politics, we trace the stability and continuity of FDI-oriented growth in both of these countries to business state elite deals.


Location:
Seminar Room 3, Badia Fiesolana

Affiliation:
Department of Political and Social Sciences

Type:
Working group

Organiser:
Prof. Dorothee Bohle (EUI - Department of Political and Social Sciences)
Jasper Paul Simons (EUI - Department of Political and Social Sciences)
Timo Seidl (EUI - Department of Political and Social Sciences)

Contact:
Jennifer Rose Dari (EUI - Department of Political and Social Sciences) - Send a mail
 
 

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