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social science subjects > economics > economic systems > capitalism > coordinated market economy
... > social science subjects > politics and international relations > political science > comparative politics > economic systems > capitalism > coordinated market economy
... > social science subjects > sociology > social theory > macrosociological theories > capitalism > coordinated market economy
... > social science subjects > economics > economic concepts > political economy > capitalism > coordinated market economy
... > social science subjects > politics and international relations > political science > political economy > capitalism > coordinated market economy

Preferred term

coordinated market economy  

Definition

  • According to the approach laid out by Peter Hall and David Soskice in their research on capitalism, coordinated market economies (CMEs) are national economies that display a high share of nonmarket institutions in the governance of company relations. Focused on long-term outcomes, coordination among firms takes place largely through nonmarket means, such as extensive relational or incomplete contracting and network monitoring based on the exchange of private information inside of networks. [Source: Encyclopedia of Governance; Coordinated Market Economy]

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https://concepts.sagepub.com/social-science/concept/coordinated_market_economy

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