BUS332: Comparative Capitalism

Complete the reading listed under Module 2 relating to comparative capitalism (Witt et al. 2018 Mapping Business Systems), which relates the "comparative capitalism" perspective to business and presents a taxonomy (categorization driven by the data) of 61 countries' business systems.

• https://www.researchgate.net/publication/315798947_Mapping_the_Business_Systems_of_61_Major_Economies_A_Taxonomy_and_Implications_for_Varieties_of_Capitalism_and_Business_Systems_Research

Questions: Critically analyze the reading for this week.

1. Discuss key insights or connections between the reading and other sources. For instance, you could assess the methodology and/or conclusions presented in this article, or you could explore how one particular country is classified in this article and provide a discussion of that country's business system by bringing in other sources of evidence.

Respond to 1 Classmate:

Read what other students have posted and respond to at least one student. In your response, focus on drawing connections and extending the conversation.

1. Student 1: "The purpose of this article is to discuss the different types of business systems and how they can be worked to create firm foundations. The article goes on to describe that Hall and Soskice argue that there are "two main varieties of capitalism" including coordinated market economies (CMEs) and liberal market economies (LMEs). The business systems found were divided into six types, surrounding six main global economies. The six were composed of Chinese, Italian, German, Japanese, Korean, and American businesses. When classifying each country's business system in their sample, they were categorized using a hierarchical cluster analysis which in turn helped to break down and analyze complex parts of the nations. From the countries explored, nine clusters were formed, ranging from Coordinated & Liberal Market Economies, to Arab Oil Based Economies, then to Socialist Economies. These clusters are a great way to break down and analyze each group of economies and the differences among them all. The clusters and tables serve to organize the data and present it in a way that makes it easier to understand. "
2. What is most unique and interesting about this post?
3. What do you agree with?
4. Give a compliment on their work.