Understanding ‘dependency’ through the comparative capitalisms framework: conceptualisation of Greece as a dependent market economy

This article relates to debates about dependency of countries in the global political economy. It conceptualises by drawing on concept ‘mechanisms dependency’, and builds a synergy with Comparative Capitalisms (CC) literature (i.e. institutional third-generation perspectives). The expands Varieties Capitalism (VoC) framework applying established category Dependent Market Economy Greece. Building financialisation as mechanism dependency, argues this locked Greece into reliance external debt, dependent position within Eurozone, well vulnerable situation after reforms demanded creditors were implemented. However, due internal historical-structural issues its capitalist model, was unable minimise negative impact financialised dependence, is internally weakly prepared escape from peripheral status future if dependence will be removed. that conceptual between theory CC desirable order provide more holistic account interaction factors context varieties.