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The bio-economy and the competition state : transcending the dichotomy between coordinated and liberal market economies

Benner, Mats and Lofgren, Hans 2007, The bio-economy and the competition state : transcending the dichotomy between coordinated and liberal market economies, New political science: a journal of politics & culture, vol. 29, no. 1, pp. 77-95.

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Title The bio-economy and the competition state : transcending the dichotomy between coordinated and liberal market economies
Author(s) Benner, Mats
Lofgren, Hans
Journal name New political science: a journal of politics & culture
Volume number 29
Issue number 1
Start page 77
End page 95
Publisher Caucus for a New Political Science
Place of publication Indianapolis, Ind.
Publication date 2007-03
ISSN 0739-3148
1469-9931
Keyword(s) bio-economy
liberal market economies
bio-industrial complexes
Summary This article examines the role of the state in the emerging bio-economy. The starting point is that state interventions, including supportive regulatory arrangements and the shaping of public attitudes, constitute core assets in the evolution of bio-industrial complexes. Public policy in the bio-economy, across advanced industrial countries, is well captured by the “competition state” concept. This type of state takes different forms, analogously with the historical variants of the Keynesian welfare state. The article compares patterns of governance of the biotechnology sector in Finland and Sweden, the USA and the UK, and Australia. It is concluded that the bio-industry sector does not fit with the “models of capitalism” paradigm which postulates coherence within, and systemic divergences between, national models of economic governance. The bio-economy displays trends toward convergence, in particular mounting public investments in health care and in research and development. On the other hand, countries differ in their approach to market regulation, industrial support, and ethical restrictions. These differences do not follow the dichotomy between “liberal” and “coordinated” models of capitalism.
Language eng
Field of Research 160511 Research, Science and Technology Policy
Socio Economic Objective 940304 International Political Economy (excl. International Trade)
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2007, Caucus for a New Political Science
Persistent URL http://hdl.handle.net/10536/DRO/DU:30007791

Document type: Journal Article
Collection: School of International and Political Studies
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