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Varieties of Capitalism - PDF

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Added on  2021-04-17

Varieties of Capitalism - PDF

   Added on 2021-04-17

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Running head: ARTICLE REVIEWArticle ReviewName of the student:Name of the university:Author note
Varieties of Capitalism - PDF_1
1ARTICLE REVIEWThe article The Multinational Corporation as a Political Actor: ‘Varieties ofCapitalism’ Revisited by David Detomasi, was selected to focus on the theme of the role playedby the MNCs in political CSR. It is argued to be a rising issue in the area of managementresearch. The theme can be enlightened by a detailed explanation of the varieties of capitalism,which exist at present in the international economy. This article is based on the criticalarguments of the MNCs decision to participate in governance and arise out of the relationshipbetween business and government (Detomasi 2015). In this article, the global scenario is stressed upon by evaluating the role played by theMNCs in political CSR. A similar article was found out that centered on the emerging interest inpolitical CSR and the activities that affects politically (Frynas and Stephens 2015). The twoarticles were found similar in terms of the voluntary activities carried out by the companies toprovide community services. The interaction between business and politics were studied to findout the business responses to the social demands. The article has contributed to the field ofresearch by stating that there is limitation about the present conceptions of CSR. This is becausethe increasingly important corporate form of collectivism is not taken into consideration.Therefore, it has become a limitation for this article.The strength of the article is the establishment of the concepts by using powerful sources.For instance, the use of a current article in the ‘the Economist’ news newsmagazine regarding therise of state capitalism had shed light on the strong upcoming force in the global economy.Moreover, the use of relevant concepts and instances gave it a powerful platform to present theviews properly. The article has recorded the ways in which state companies are strugglingagainst the private companies in different trans- national industries. However, there are weakareas in this article where the author stated about the appearance of a process for the benefit of
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