This course is addresses one of the most controversial and thus hotly debated topics in global political economy. Namely how come that the previously postulated iron law of democracy and market economy being twin sisters seems to have given way to various models of illiberal arrangements in most of the globe. Starting from general comparative systems' theory we analyze in detail the reasons, when and why real world market economies may and do co-exist with authoritarian polity. Providing case studies for the most relevant ideal types as China,Latin America and Sub-Saharan Africa we come back to broad theory to solve the puzzle of institutional diversity among successful models.
The course is 2 credits for PhD students and 4 credits for MA students.