While we enjoy our deserved summer break, it’s good to recollect our hard study days at the University of Glasgow. Here is a throwback to the presentation day for the Varieties of Capitalism, taught by a visiting professor from the University of Gottingen Dr. Jan Logemann.
Varieties of Capitalism is one of the two compulsory courses at our first term in Glasgow. This course allows us to dive in the world of capitalism and discover its various manifestations across the world. The theoretical background of the concept is based on the 2001 work Varieties of Capitalism: The Institutional Foundations of Comparative Advantage written by an American Peter A. Hall and British David Soskice. In their ponderable book, Hall and Soskice lay the groundwork for differentiating two main types of capitalism: liberal market economy, represented in the book by the U.S. and the UK, and coordinated market, such as in Germany. After thoroughly studying the theory and its criticism, presented by Crouch, Fear, Sluyterman, Nölke and Vliegenthart, King and others, we tried to identify even more global varieties of capitalism. To make the process of preparation and presentation even more intriguing, our professor organized a competition for the title of the best presenters during our 8-hours presentation day in October, 2018. Here is our creative contribution for the VoC studies:
1. Rich & Connected: Chinese Immigrant Capitalism in Thailand
2. Shadow Economy: A Case Study of Ukraine
3. Structure and Development of SMEs in Indian Textile Industry
4. A real Inflation Struggle: the Hyper-Representative Case of Brazil
5. South Korea: The Heart and Seoul of Social Enterprises
6. From Kibbutzism to Start-up Capitalism: Israeli Path of Capitalist Development
7. Two ‘Stan’dards: Diverging Transitions to Capitalism between Kazakhstan & Uzbekistan
8. Exploring Africa’s ‘Economic Miracle’: Can Botswana Be a Model for Continental Development?
9. Welcome to Paradise: a Dependency-led Tour of the Caribbean
This time the Central Asia team won while the teams representing Asia and Africa received vice-champion titles. After such a challenging week, we had a great opportunity to celebrate our achievements with our professors a wee bit.
Are you interested in learning more about the varieties of capitalism before joining a new cohort of GLOCALs? Then check “Why Nations Fail” by Daron Acemoglu and James A. Robinson, which will be a perfect introduction of the institutional theory and will prepare you for this course.
Would like to know more about the GLOCAL presentation on the Varieties of Capitalism? Check out the experience of the first cohort here.
Written by Iryna.