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State Capitalism

Edited by Barbara Krug, Professor of Economics of Governance, Rotterdam School of Management (RSM), Erasmus University Rotterdam, the Netherlands and Guest Professor, Goethe University Frankfurt am Main, Germany
This book takes as its starting point the question of whether contemporary state capitalism simply uses different tools than earlier or other variants of capitalism, or whether it is an altogether new kind of economic regime. It brings together key research and commentary which will help to define the concept of contemporary state capitalism as an economic model and present a nuanced view of state capitalism in action. The editor has selected the articles on the basis of their academic merit, but has also included articles representative of the specific academic climate of a certain time such as Marxist-based concepts. Although these may look ‘out-of date’ or have been dismissed as unsatisfactory, they are nevertheless important for an understanding of the development of the debate.

A clear original introduction by the editor provides an illuminating guide to this topic and indicates new areas for further study and analysis.
Two volume set
Extent: 1,648 pp
Hardback Price: $870.00 Web: $783.00
Publication Date: 2015
ISBN: 978 1 78195 488 1
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  • Asian Studies
  • Asian Business
  • Asian Economics
  • Business and Management
  • Asia Business
  • International Business
  • Economics and Finance
  • Asian Economics
  • Institutional Economics
61 articles, dating from 1970 to 2013
Contributors include: M. Aoki, I Bremmer, C. Crouch, N. Ferguson, J.S. Hellman, D. Kaufmann, V. Nee, D.C. North, J. Petras, A. Schleifer, R.W. Vishny
Volume I

Contents:

Acknowledgements

Introduction Barbara Krug

PART I STATE CAPITALISM AND ECONOMIC REGIMES: DEBATES AND APPROACHES
A The Beginning of the Debate

1. Ian Bremmer (2009), ‘State Capitalism Comes of Age: The End of the Free Market?’

2. Henrique Schneider (2012), ‘State-capitalism and Globalization – A Challenge to Whom?’

3. Paul Dragos Aligica and Vlad Tarko (2012), ‘State Capitalism and the Rent-seeking Conjecture’

B State Capitalism in Earlier Studies

4. Alex Dupuy and Barry Truchil (1979), ‘Problems in the Theory of State Capitalism’

5. James Petras (1977), ‘State Capitalism and the Third World’

6. Theda Skocpol and Kenneth Finegold (1982), ‘State Capacity and Economic Intervention in the Early New Deal’

7. Ben Turok (1980), ‘Zambia’s System of State Capitalism’

8. Markus Jäntti, Juho Saari and Juhana Vartiainen (2006), ‘Growth and Equity in Finland’

9. Karen Farsoun (1975), ‘State Capitalism in Algeria’

C Political Science Approaches

10. Larry Diamond (2002), ‘Thinking about Hybrid Regimes’

11. Raymond D. Duvall and John R. Freeman (1981), ‘The State and Dependent Capitalism’

12. Beatriz Magaloni (2008), ‘Credible Power-Sharing and the Longevity of Authoritarian Rule’

13. Andrew J. Nathan (2003), ‘Authoritarian Resilience’

D New Institutional Economics

14. Douglass C. North (1991), ‘Institutions’

15. Douglass C. North (1993), ‘The New Institutional Economics and Development’

16. Oliver E. Williamson (1991), ‘Economic Institutions: Spontaneous and Intentional Governance’

17. Victor Nee (2000), ‘The Role of the State in Making a Market Economy’

18. Andrei Shleifer and Robert W. Vishny (1994), ‘The Politics of Market Socialism’

E Varieties of Capitalism

19. Peter A. Hall and Daniel W. Gingerich (2009), ‘Varieties of Capitalism and Institutional Complementarities in the Political Economy: An Empirical Analysis’

20. Colin Crouch (2005), ‘Models of Capitalism’

21. Richard Whitley (2007), ‘The Contingent Nature of National Business Systems: Types of States and Complementary Institutions’

22. Bruno Amable (2000), ‘Institutional Complementarity and Diversity of Social Systems of Innovation and Production’

PART II DIFFERENCES IN STATE CAPITALISM: THE ROLE OF THE STATE IN THE ASIAN BUSINESS SYSTEM
23. Michael Carney, Eric Gedajlovic and Xiaohua Yang (2009), ‘Varieties of Asian Capitalism: Toward an Institutional Theory of Asian Enterprise’

24. Gary G. Hamilton and Nicole Woolsey Biggart (1988), ‘Market, Culture, and Authority: A Comparative Analysis of Management and Organization in the Far East’

25. John Shuhe Li (2003), ‘Relation-based versus Rule-based Governance: An Explanation of the East Asian Miracle and Asian Crisis’

26. Paul W. Kuznets (1988), ‘An East Asian Model of Economic Development: Japan, Taiwan, and South Korea’

27. Robert Wade (1993), ‘Managing Trade: Taiwan and South Korea as Challenges to Economics and Political Science’

28. Chung H. Lee (1992), ‘The Government, Financial System, and Large Private Enterprises in the Economic Development of South Korea’

29. W.G. Huff (1995), ‘The Developmental State, Government, and Singapore’s Economic Development since 1960’

30. Natasha Hamilton-Hart (2000), ‘The Singapore State Revisited’

31. Masahiko Aoki (2013), ‘Historical Sources of Institutional Trajectories in Economic Development: China, Japan and Korea Compared’

Index



Volume II

Contents:

Acknowledgements

An introduction to both volumes by the editor appears in Volume I

PART I DIFFERENCES IN STATE CAPITALISM: THE ROLE OF THE STATE IN TRANSITION ECONOMIES
1. Gérard Roland (2002), ‘The Political Economy of Transition’

2. Timothy Frye and Andrei Shleifer (1997), ‘The Invisible Hand and the Grabbing Hand’

3. David Lipton and Jeffrey Sachs (1990), ‘Creating a Market Economy in Eastern Europe: The Case of Poland’

4. Richard Whitley and Laszlo Czaban (1998), ‘Institutional Transformation and Enterprise Change in an Emergent Capitalist Economy: The Case of Hungary’

PART II DIFFERENCES IN STATE CAPITALISM: THE ROLE OF THE STATE IN RENTIER STATES
5. Jonathan Isham, Michael Woolcock, Lant Pritchett and Gwen Busby (2005), ‘The Varieties of Resource Experience: Natural Resource Export Structures and the Political Economy of Economic Growth’

6. Matthew Gray (2011), ‘A Theory of “Late Rentierism” in the Arab States of the Gulf’

7. Rolf Schwarz (2008), ‘The Political Economy of State-Formation in the Arab Middle East: Rentier States, Economic Reform, and Democratization’

8. H. Mahdavy (1970), ‘The Patterns and Problems of Economic Development in Rentier States: The Case of Iran’

9. Ümit Cizre-Sakallhoglu and Erinç Yeldan (2000), ‘Politics, Society and Financial Liberalization: Turkey in the 1990s’

10. Roy Karadag (2010), ‘Neoliberal Restructuring in Turkey: From State to Oligarchic Capitalism’

PART III DIFFERENCES IN STATE CAPITALISM: SELF-ORGANIZATION AND PRIVATE ACTION
A Capitalism from Below

11. Victor Nee and Sonja Opper (2012), ‘Entrepreneurs and Institutional Innovation’

12. Simon Johnson, Daniel Kaufmann and Andrei Shleifer (1997), ‘The Unofficial Economy in Transition’

13. Michael L. Katz and Carl Shapiro (1994), ‘Systems Competition and Network Effects’

14. Barbara Krug and Hans Hendrischke (2012), ‘Market Design in Chinese Market Places’

15. Barbara Krug (2012), ‘Political Embeddedness in China: Strengths and Limitations’

B Rent-seeking

16. Joel S. Hellmann, Geraint Jones and Daniel Kaufmann (2003), ‘Seize the State, Seize the Day: State Capture and Influence in Transition Economies’

17. Joel S. Hellmann (1998), ‘Winners Take All: The Politics of Partial Reform in Postcommunist Transitions’

C Elite Studies

18. Andrew G. Walder (2003), ‘Elite Opportunity in Transitional Economies’

19. Nan Lin (2011), ‘Capitalism in China: A Centrally Managed Capitalism (CMC) and Its Future’

20. Heinrich Best (2005), ‘Stabilizing Democracy in Eastern Europe under the Condition of Highly Volatile Political Elites’

21. David Stark (1996), ‘Recombinant Property in East European Capitalism’

D Firms and Politics

22. Asim Ijaz Khwaja and Atif Mian (2005), ‘Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market’

23. Mike W. Peng (2003), ‘Institutional Transitions and Strategic Choices’

24. Jay Pil Choi and Marcel Thum (2009), ‘The Economics of Politically-connected Firms’

25. Mara Faccio (2006), ‘Politically Connected Firms’

26. Andrei Shleifer and Robert W. Vishny (1994), ‘Politicians and Firms’

27. Robert E. Hoskisson, Mike Wright, Igor Filatotchev and Mike W. Peng (2013), ‘Emerging Multinationals from Mid-Range Economies: The Influence of Institutions and Factor Markets’

28. John Child and Suzana B. Rodrigues (2011), ‘How Organizations Engage with External Complexity: A Political Action Perspective’

Index