The Czech Republic and the Varieties of Capitalism Approach

Modern capitalism is not singular. There are varieties of capitalism in the contemporary world. This book aims to apply the Varieties of Capitalism approach developed by Hall and Soskice (2001) to the case of the Czech Republic and ascertain whether the Czech market economy is approaching a liberal or a coordinated ideal type defined by these authors. At the same time, such findings might provide an answer to whether the Varieties of Capitalism approach designed for advanced industrialized economies is fully applicable for analysis of a post-socialist country that underwent a complicated process of economic and institutional transformation. The book is highly recommended to all readers who are interested in new institutionalism, especially actor- centered one, and in contemporary situation in the Czech Republic in five fields analyzed by the Varieties of Capitalism approach – an industrial relations sphere, a vocational training and education sphere, a corporate governance sphere, an employees’ sphere, and an inter-firm relations sphere.