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It is often stated that globalization makes a "smaller" world by institutional conver-gence. Economic orders become … analysing the extent to which there is institutional convergence, the article follows the approach of "Varieties of Capitalism …". This approach distinguishes two "ideal" types of capitalism: a liberal market economy and a coordinated market economy. In …
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capitalism' from the perspective of the ways by which production and market relations are structured and prioritized. It …
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