Dados is one of the most widely-read social sciences journals in Latin America. Created in 1966, it publishes innovative works, originating from academic research, by Brazilian and foreign authors. Edited by IESP-UERJ, it aims to reconcile scientific rigor and academic excellence with an emphasis on public debate based on the analysis of substantive issues of society and politics.
Dados vol. 58 n. 3 Rio de Janeiro jul./set. 2015
Abstract
The 1950s and 1960s were a time of great economic prosperity and expansion of Welfare State. However, hardships and changes marked the following decade. This article explores how developed countries countered the new configuration of capitalism, showing how they were influenced by national institutions and by the welfare states regime. As a central point, the article shows that the new constraints did not lead to a convergence of strategies nor did they stymie the emergence of this type of State. The article focuses especially on the Scandinavian model and its ability to reconcile economic performance and equality, showing the role of corporativist practices and enhanced institutional capacity. In sum, the article discusses central points in the study of political economy in dealing with an essential aspect of the legitimacy of capitalism and in exploring the impact of institutions and showing that capitalism remains diverse.
Keywords: Welfare State, institutions, neoliberalism, Scandinavian model, political economy
Economy, Institutions and Welfare State: Responses to the New Configuration of Capitalism after 1970
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