TY - JOUR A1 - Hassel, Anke A1 - Palier, Bruno T1 - Same Trend, Different Paths: Growth and Welfare Regimes Across Time and Space JF - Annual Review of Political Science N2 - The article reviews the recent advances in comparative political economy. It reconnects knowledge on growth regimes and welfare regimes by analyzing how growth and welfare regimes covary over both time and space. It underlines the fact that governments pursue different growth strategies to adjust to new economic environments, focusing in particular on welfare state reforms. Synthesizing the literature, we propose a definition of growth and welfare regimes that integrates different engines of growth as a way to track general trends in the evolution of capitalism. We analyze the main trends of three eras of capitalism: Fordism, neoliberal financialization, and the digitalized knowledge-based economy. We trace the various paths of change by identifying the five growth strategies governments have pursued to adapt their growth and welfare regimes to the new capitalist era. The result is not a typology of fixed types of capitalist models but a dynamic process of adjustment. Expected final online publication date for the Annual Review of Political Science, Volume 26 is June 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates. Y1 - 2023 U6 - https://doi.org/10.1146/annurev-polisci-051921-103030 VL - 26 IS - 1 ER - TY - JOUR A1 - Hassel, Anke A1 - Palier, Bruno A1 - Avlijaš, Sonja T1 - The pursuit of growth. Growth regimes, growth strategies and welfare reforms in advanced capitalist economies JF - Stato e mercato N2 - In this article, we develop an analytical framework to study how economies and welfare systems have been adapted to the common challenges of post-industrialization, financialization, and the knowledge economy. We show that, despite the global interconnectedness of modern economies, national trajectories of growth and policy-making remain distinct. Our explanation focuses on the pursuit of different growth strategies in contemporary advanced capitalist economies. Growth strategies are in large parts welfare reforms. Governments use the policy tools of the welfare state such as employment policy, housing policy, pensions, minimum wages and education as facilitators for growth. They pursue them in different ways depending on the growth regime their economies are embedded in. The articles starts with an overview of two key concepts used to build our argument: i) the complementary relationship between national growth and welfare regimes and ii) growth strategies through which growth and welfare regimes are reformed in the new era of globalization, ICT and financialization driven growth. It then provides an overview of five main ideal-typical growth regimes that have developed in advanced capitalist economies: the dynamic services export-led growth regime, the high-quality manufacturing export-led, the FDI-financed export-led, the financebased domestic demand-led and the public-financed domestic demand-led ones. Finally, it analyses the ties between growth strategies and welfare reforms and thus identifies five main types of welfare state reforms strategies: dualization of welfare, social investment, fiscal and social attractiveness, commodification of welfare, and social protectionism. Within the Eurozone, because of external pressure, the latter strategy has been transformed into a «competitive impoverishment» strategy for Southern European countries. Y1 - 2020 U6 - https://doi.org/10.1425/97509 VL - 2020 IS - 3 SP - 41 EP - 77 ER -