10 May 2007
Contested Capitalism: Financial Politics and Implications for China
This paper discusses whether China's economy is developing institutional patterns that resemble those of other wealthy countries. The author offers a theory that deduces the structure of nations' capitalist institutions based on distributive welfare gains to those actors representing an economy's main factors of production, using the structure of a nation's financial institutions as a proxy for its capitalist institutions. The paper concludes that China resembles continental European capitalism far more than Anglo-American capitalism and that it is likely to remain this way.
© 2007 S. Rajaratnam School of International Studies (RSIS)
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Author:
Richard Carney
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Issue:
127
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