Abstract
Recent debates in comparative political economy have focused on the implication of economic liberalisation in Europe, variously associated with domestic factors engendering the embrace of neo-liberal ideology or more general tectonic shifts often attributed to globalisation and European integration.1 More recent contributions, especially those informed by the ‘varieties of capitalism’ approach, contest that earlier pessimistic predictions of convergence on a minimalist liberal Anglo-American model of capitalism are inaccurate, suggesting instead a taxonomy that encapsulates coordinated market economies (CMEs) and liberal market economies (LMEs), while recent contributions also suggest categories encompassing Central and Eastern European emerging market economies (EMEs) and Mediterranean mixed market economies (MMEs).2
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