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Domestic structures, foreign economic policies and global economic order: Implications from the rise of large emerging economies

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The rise of the large emerging economies of Brazil, India and China can easily be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a common institutional model for governing their economies and addresses the implications of
these commonalities for global economic institutions. The approach consists of three major steps: first, a general ideal type for encompassing capitalism in these large emerging economies is constructed, and dubbed ‘state-permeated market economy’; second, we compare these countries empirically, with regard to the features highlighted by the ideal
type and in contrast to other varieties of capitalism; and, finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps, we conclude that a further deepening of the liberal global order
is highly unlikely.

Keywords
Brazil, China, comparative capitalism, emerging economies, global governance, India

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Informasi Detail

Judul Seri

European Journal of International Relations

No. Panggil

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Penerbit

: The Author., 2015

Deskripsi Fisik

European Journal of International Relations 2015, Vol. 21(3) 538– 567

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Wati/Agus

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