Skip to main content
    • Aa
    • Aa
  • Get access
    Check if you have access via personal or institutional login
  • Cited by 88
  • Cited by
    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Ahlborn, Markus Ahrens, Joachim and Schweickert, Rainer 2016. Large-Scale Transition of Economic Systems – Do CEECs Converge Toward Western Prototypes?. Comparative Economic Studies,

    Ban, Cornel 2016. Capital, Coercion, and Postcommunist States By Gerald M. Easter Cornell University Press. 2012. 248 pages. $75 hardcover, $26.95 paper. Social Forces, Vol. 94, Issue. 3, p. e70.

    Bandelj, Nina 2016. On postsocialist capitalism. Theory and Society, Vol. 45, Issue. 1, p. 89.

    Braun, Benjamin 2016. From performativity to political economy: index investing, ETFs and asset manager capitalism. New Political Economy, Vol. 21, Issue. 3, p. 257.

    Carney, Richard W. 2016. Varieties of hierarchical capitalism: family and state market economies in East Asia. The Pacific Review, Vol. 29, Issue. 2, p. 137.

    Ćetković, Stefan and Buzogány, Aron 2016. Varieties of capitalism and clean energy transitions in the European Union: When renewable energy hits different economic logics. Climate Policy, Vol. 16, Issue. 5, p. 642.

    CLEMENT, JESSICA 2016. Electoral rule choice in transitional economies. Journal of Institutional Economics, p. 1.

    Dolenec, Danijela 2016. Academic Labour, Unemployment and Global Higher Education.

    Fainshmidt, Stav Judge, William Q. Aguilera, Ruth V. and Smith, Adam 2016. Varieties of institutional systems: A contextual taxonomy of understudied countries. Journal of World Business,

    Faragó, László and Varró, Krisztina 2016. Shifts in EU Cohesion Policy and Processes of Peripheralization: A View from Central Eastern Europe. European Spatial Research and Policy, Vol. 23, Issue. 1,

    Geambaşu, Réka 2016. Rethinking Gender, Work and Care in a New Europe.

    Jamali, Dima and Karam, Charlotte 2016. Corporate Social Responsibility in Developing Countries as an Emerging Field of Study. International Journal of Management Reviews,

    Mike, Károly 2016. Merre vezessen a magyar kapitalizmus útja? Látkép Ronald Coase világítótornyából. Közgazdasági Szemle, Vol. 63, Issue. 6, p. 597.

    Naczyk, Marek and Domonkos, Stefan 2016. The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe. Governance, Vol. 29, Issue. 2, p. 167.

    Nölke, Andreas 2016. Economic causes of the Eurozone crisis: the analytical contribution of Comparative Capitalism. Socio-Economic Review, Vol. 14, Issue. 1, p. 141.

    Novotný, Josef Blažek, Jiří and Květoň, Viktor 2016. The anatomy of difference: comprehending the evolutionary dynamics of economic and spatial structure in the Austrian and Czech economies. European Planning Studies, Vol. 24, Issue. 4, p. 788.

    Roosmaa, Eve-Liis and Aavik, Kadri 2016. Rethinking Gender, Work and Care in a New Europe.

    Schröder, Martin and Voelzkow, Helmut 2016. Varieties of Regulation: How to Combine Sectoral, Regional and National Levels. Regional Studies, Vol. 50, Issue. 1, p. 7.

    Vukov, Visnja 2016. The rise of the Competition State? Transnationalization and state transformations in Europe. Comparative European Politics,

    Witt, Michael A. and Jackson, Gregory 2016. Varieties of Capitalism and institutional comparative advantage: A test and reinterpretation. Journal of International Business Studies,


Enlarging the Varieties of Capitalism: The Emergence of Dependent Market Economies in East Central Europe

  • Andreas Nölke (a1) and Arjan Vliegenthart (a2)
  • DOI:
  • Published online: 01 August 2009

This article enlarges the existing literature on the varieties of capitalism by identifying a third basic variety that does not resemble the liberal market economy or coordinated market economy types. The dependent market economy (DME) type, as it is named by the authors, is characterized by the importance of foreign capital for the socioeconomic setup and is located in postsocialist Central Europe. Since the collapse of state socialism in the late 1980s, the Czech Republic, Hungary, Poland, and the Slovak Republic have introduced a rather successful model of capitalism when compared with other postsocialist states. This article identifies the key elements of the DME model and discusses their interplay. DMEs have comparative advantages in the assembly and production of relatively complex and durable consumer goods. These comparative advantages are based on institutional complementarities between skilled, but cheap, labor; the transfer of technological innovations within transnational enterprises; and the provision of capital via foreign direct investment.

Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

World Politics
  • ISSN: 0043-8871
  • EISSN: 1086-3338
  • URL: /core/journals/world-politics
Please enter your name
Please enter a valid email address
Who would you like to send this to? *