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Title: Contested capitalism : financial politics and implications for China
Authors: Carney, Richard
Keywords: DRNTU::Social sciences::Economic development::China
Issue Date: 2007
Series/Report no.: RSIS Working Papers ; 127/07
Abstract: As China's economy grows and matures, is it developing institutional patterns that resemble those of other wealthy countries? I offer an innovative 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 (land, labor, and capital), using the structure of a nation's financial institutions as a proxy for its capitalist institutions. Based on statistical and qualitative evidence across countries and time, I then draw implications for China. I find that China resembles continential European capitalism far more than Anglo-American capitalism, and that it is likely to remain this way for foreseeable future.
Rights: Nanyang Technological University
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:RSIS Working Papers

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