Successful policy-making depends on the understanding of the local and national institutional context. There is ample evidence in the policy literature that there is no “one size fits all” toolbox, but rather different pathways and policy tools that can work towards the same goals. Using a highly influential body of theory in the comparative political economy field on “Varieties of Capitalism”, the courses discusses the importance of institutional theory, institutional complementarities and institution-based policy analysis.
The course provides an analytical insight into the different ways capitalist political economies are organised today. It also provides students with an in-depth understanding of the institutions governing political economies. The course is divided into two parts: the first part introduces various concepts of institutional analysis covering labour markets, skills, corporate governance, innovation and the knowledge economy. The second part looks more closely at different groups of countries such as European Union member states, but also China, Russia and Latin America.