POLSCI 3B03 Lecture Notes - Varieties Of Capitalism, Fred L. Block, Nanda

• School: McMaster University
• Department: Political Science
• Course: POLSCI 3B03
• Professor: Richard Stubbs

Document Summary

Hidden developmental state in the united states (fred block) Argues that the united states is a developmental state. As opposed to german being a coordinated market economy. Within regions we can have differences in terms of varieties of capitalism. Maybe there are elements in the united states that can be argued to be developmental like. In the united states, the state plays an important role in the development of new technologies. Land was set aside for universities and huge amounts of money were put into them to do research in agricultural. State led technological development for the united states: to some extent in canada, we"ve had similar processes, the state has been heavily involved in research in the united states for a long time. Basic applied research is funded by universities and government. It"s not until the idea vetting and pre-commercial testing do you get into venture capital.