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Political economy and globalization - Varieties of capitalism

3 important questions on Political economy and globalization - Varieties of capitalism

What does political economy examine in its broadest form?

How different economic systems affect institutional and political arrangements and are, in turn, affected by a process of political decision-making.
Has often involved the analysis of the two rival systems: capitalism and socialism. But the notion of a pure capitalist or pure socialist system is one of illusion.

What has altered the landscape of political economy in late 20th century?

The abrupt abandonment of central planning following the Eastern European revolutions of 1989-91, and the introduction of market reforms in China and other surviving communist states. This made it appear like capitalism is the only viable basis for economic organization across the world.

But capitalism doesnt constitute just a single economic form

What are the three types of capitalist systems in the modern world?

- Enterprise capitalism
- Social capitalism
- State capitalism

The question on the page originate from the summary of the following study material:

Politics | 9781352005462 | Andrew Heywood

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