Globalisation, Skill Formation and the Varieties of Capitalism Approach.

This article evaluates the varieties of capitalism (VoC) approach to institutional convergence, globalization, and divergence as represented by the skill formation and welfare state theory of Margarita Estevez-Abe, Torben Iversen, and David Soskice. The article explains that the VoC approach addresses business strategies, which are based on distinctive national institutional structures generated by provisional solutions to specific problems that businesses in any capitalist economy are forced to address.