I have an need to be reviewed - Article Example

Chris Howell has a Doctor of Philosophy from Yale University, while Rebecca Kolins Gavin has a doctorate in Political Science from Northwestern University. Their work has been cited 14 times since it was published in 2011. Comparative political economy claims that institutions are important because they mediate economic pressures, distribute powers among actors, and offers solutions to problems that are faced by market economies (Hall & Taylor 1996). The authors have focused on the political economic approach, developed by Frege and Kelly (2013), in which the focus is on the historical and institutional roots of employment regimes and institutions.

They have described in detail the role of the state in the development of industrial relations in all three countries, but have given limited description about the role of the market factors in these events. The Varieties of Capitalism (VOC) model (Hall & Soskice 2001) has been used to try to understand and compare the patterns of industrial relations and institutional changes in the three countries. It is mentioned in the article that institutions are not able to perform in isolation, and that there will be interactions and complementarities between them as suggested by the VOC model.

The Dunlop system theory has assumed that common technologies and cross-national markets would create convergence towards a common model of employment regulation. A feature of the period since the mid-1980s can support this claim where it can be observed that even though there have been differences in the policies and details accompanying reform, the direction of institutional change has been broadly similar across governments of different political natures. However, it also assumes that the market factors and employers are the main factors, while politics and the government are just secondary forces.