“…Skill formation research has paid particular attention to three broad types of political economy systems, i.e. liberal market economies represented by Anglo-Saxon countries including the US, the UK, Australia, Canada and New Zealand; coordinated market economies exemplified by Germany, Austria and the Nordic countries, such as Sweden and Demark and developmental state economies of Japan and the four “Asian dragons” including Taiwan, South Korea, Hong Kong and Singapore (Ashton et al , 1999; Bonoli and Wilson, 2019; Esmond, 2019; Fleckenstein and Lee, 2018; Haggard, 2018; Hall and Soskice, 2001; Thelen, 2004).…”