Abstract
The article explores issues of theory and method in the burgeoning literatures on globalization and institutional convergence. First, a stylized account is given of some 'comparativist' approaches, mainly in international and comparative political economy and in economic sociology. The concepts of institution and institutional change are then examined under four headings: the origins and role of institutions in capitalism; institutional variety and change; the relations between national and transnational institutional orders; and the policy implications of institutional comparisons. The final section outlines an approach to institutional change based in 'historical political economy'.
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