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 Diversity of Capitalism in the European Union

​The panel is designed as a dissemination vehicle of the results of comparative studies on the diversity of capitalism. It is also aimed at creating a platform enabling exchange of views on the nature and most salient features of the emerging post-communist capitalism among scholars representing various disciplines in the social science area. Presenters of papers on methodological challenges in the research on comparative post-communist capitalism and empirical studies on the emerging varieties of capitalism are welcome to join the panel.
The panel is related with our research conducted in the Department of Economics II, Collegium of World Economy. One of our earlier findings is that the CEE11 countries do not converge unambiguously toward any particular model of established capitalism prevailing in Western Europe. This finding does not contradict the fact that most of these countries tend to exhibit the highest relative similarity to the Mediterranean model of capitalism. Instead, the CEE11 countries developed institutional characteristics being a mixture of features transplanted from four different Western European models (Anglo-Saxon, Continental, Nordic, and Mediterranean capitalism). As a result, a new, distinct model of capitalism has emerged in former socialist countries in the CEE region. With a view to capture peculiarities of the institutional architecture prevalent in CEE11 countries and to best describe its nature, the term PATCHWORK CAPITALISM was proposed.