Mediterranean Capitalism Revisited
One Model, Different Trajectories
Cornell Studies in Political Economy
Published by: Cornell University Press
294 pages, 152.00 x 229.00 mm, 11 charts
- ISBN: 9781501761263
- Published: January 2022
Mediterranean Capitalism Revisited brings together leading experts on the political economies of southern Europe—specifically Greece, Italy, Spain, and Portugal—to closely analyze and explain the primary socioeconomic and institutional features that define "Mediterranean capitalism" within the wider European context. These economies share a number of features, most notably their difficulties to provide viable answers to the challenge of globalization.
By examining and comparing such components as welfare, education and innovation policies, cultural dimensions, and labor market regulation, Mediterranean Capitalism Revisited attends to both commonalities and divergences between the four countries, identifying the main reasons behind the poor performance of their economies and slow recovery from the Great Recession of 2007–2008. This volume also sheds light on the process of diversification among the four countries and addresses whether it did and still does make sense to speak of a uniquely Mediterranean model of capitalism.
Contributors: Alexandre Afonso, Leiden University; Lucio Baccaro, Max Planck Institute for the Study of Societies; Rui Branco, NOVA University of Lisbon; Fabio Bulfone, Max Planck Institute for the Study of Societies; Giliberto Capano, University of Bologna; Sabrina Colombo, University of Milan; Lisa Dorigatti, University of Milan; Ana M. Guillén, University of Oviedo; Matteo Jessoula, University of Milan; Andrea Lippi, University of Florence; Manos Matsaganis, Polytechnic University of Milan; Oscar Molina, Autonomous University of Barcelona; Manuela Moschella, Scuola Normale Superiore; Sofia A. Pérez, Boston University; Gemma Scalise, University of Bergamo; Arianna Tassinari, Max Planck Institute for the Study of Societies.
Introduction: Which Road to Development? The MediterraneanModel Revisited, by Luigi Burroni, Emmanuele Pavolini, and Marino Regini
Part I: Economic Features and Institutional Context of Southern European Countries
1. Is There a "Mediterranean" Growth Model?, by Lucio Baccaro
2. States' Performance, Reforms, and Policy Capacity in Southern European Countries, by Giliberto Capano and Andrea Lippi
3. Which Level of Analysis? Internal versus External Explanations of Eurozone Divergence, by Sofia Perez
4. Following Different Paths of Modernization. The Changing Sociocultural Basis of Southern Europe, by Emmanuele Pavolini and Gemma Scalise
Part II: Policies and Processes of Change
5. Labor Market (De)Regulation and Wage-Setting Institutions in Mediterranean Capitalism, by Alexandre Afonso, Lisa Dorigatti, Oscar Molina, and Arianna Tassinari
6. Southern European Welfare Systems in Transition, by Ana M. Guillén, Matteo Jessoula, Manos Matsaganis, Rui Branco, and Emmanuele Pavolini
7. How to Adjust? Italy and Spain at the Test of Financial Integration and Crisis, by Fabio Bulfone and Manuela Moschella
8. Human Capital Formation, Research and Development, and Innovation, by Luigi Burroni, Sabrina Colombo, and Marino Regini
Conclusion: Mediterranean Capitalism between Change and Continuityity, by Luigi Burroni, Emmanuele Pavolini, and Marino Regini