On behalf of the Organising Committee, the Institute of World Economics of the Centre for Economic and Regional Studies, Hungarian Academy of Sciences and Center for European Neighborhood Studies, Central European University we invite you to join us in Budapest, for the 5th International Conference entitled The Role of State in Varieties of Capitalism.
World economy and politics underwent significant
changes during the past three decades. The relatively stable times of the Great
Moderation in world economy and bi-polar world politics are gone. The 2001
dotcom crisis and the 2007/8 financial crisis have signalled the start of a new
era. Financialization of business, the emergence of mighty new competitors in
the world economy and the devastating effects of the crises created big
pressure on the institutions of the Western Hemisphere, the so called competition
state (featured by the institutions of liberal market economy and political
democracy). Many of the newly created (copied) institutions of the
post-communist countries were marred by the soft social institutional heritage
leading to inadequate performance. At the same time many emerging market
economies suffered from repeated currency crises and economic slowdown, while
others realized tremendous success in the period relying on very peculiar
hybrid institutional settings. The main questions of the 5th SVOC conference
address the challenges of the traditional institutions of the competition state
and the future of the emerging new institutional solutions.
Traditional concepts on institutional change
usually divide the topic and treat formal and informal institutions separately.
While formal institutions can be altered rather quickly, their social
embeddedness evolves and changes over a longer period of time. The main topic
of the conference is the establishment and evolution of market economic
institutions in various groups of countries after the collapse of the bipolar
world political system, and especially after the 2008 crisis.
Our main expectation is that conventional
economic institutions in emerging market economies became especially vulnerable
since their social embeddedness could not reach the level of traditional, more
developed market economies' institutions. The evolution of new institutional
setting in the age of hybridity is giving way to increased statism, such as
economic patriotism, neo-mercantilism, increased collusion of the economy and
politics. However, there is also pressure on the institutions of more developed
countries that may exercise even stronger influence on world economic
The main aim of the 5th "The Role of State in Varieties of Capitalism" conference is to contribute to the better understanding of the co-evolution of formal and informal institutions in relation to development.
Our Conference welcomes high quality contributions proposing advances in the field of theory, empirics or policy. Contributions to SVOC2019 should be related to the general theme of the conference "The Role of State in Varieties of Capitalism" especially but not exclusively focusing on the following topics:
- new renaissance of the Polanyian research on the state-market relationship;
- institutional changes in the Global North and South in the age of hybridity;
- new forms of statism and its impact on global governance;
- BRICS and alternative global institutions;
- revival of industrial policy in the early twenty-first century;
- business-politics relationship in the light of rising illiberalism ;
- the role of informal institutions in emerging and developing economies.
Our keynote speakers will be:
Professor Ziya Önis (Koç University Istanbul, Professor of International Political Economy)
Professor László Csaba (Professor of International Political Economy at Central European University and Corvinus University of Budapest)