The Growth Model Perspective and Emerging Markets

He argues that this perspective is well suited to the task, given that it captures important emerging market features – such as their stronger molding through the global political economy, their politically more contested nature, and their higher degree of economic volatility – better than a traditional varieties of capitalism perspective. At the same time, the growth model perspective has to be amended, for example with regard to the existence of additional types, the identification of social blocs in non-democratic political systems, and the existence of different regional models within very large economies, such as China.

Andreas Nölke is Professor of Political Science, in particular International Relations and International Political Economy, at Goethe University Frankfurt and head of a research group at the Leibniz Institute for Financial Research SAFE. He is currently leading a project on the comparison of emerging market capitalisms, funded by the German Research Foundation (DFG).


Selected Publications

• Nölke, Andreas, Tobias ten Brink, Christian May, and Simone Claar. 2020. State-permeated Capitalism in Large Emerging Economies. London: Routledge.
• Nölke, Andreas. 2017. "Brexit: Towards a New Global Phase of Organized Capitalism?" Competition and Change 21 (3): 230-241.
• Nölke, Andreas. 2016. "Economic Causes of the Eurozone Crisis: The Analytical Contribution of Comparative Capitalism." Socio-Economic Review 14 (1): 141-161.
• Nölke, Andreas, and Arjan Vliegenthart. 2009. "Enlarging the Varieties of Capitalism: The Emergence of Dependent Market Economies in East Central Europe." World Politics 61 (4): 670-702.
• Wigger, Angela, and Andreas Nölke. 2007. "Enhanced Roles of Private Actors in EU Business Regulation and the Erosion of Rhenish Capitalism: The Case of Antitrust Enforcement." Journal of Common Market Studies 45 (2): 487-513.
• Perry, James, and Andreas Nölke. 2005. "The Political Economy of International Accounting Standards." Review of International Political Economy 13 (4): 559-586.