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Varieties of Capitalism in History, Transition and Emergence - New Perspectives on Institutional Development (Hardcover)
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Varieties of Capitalism in History, Transition and Emergence - New Perspectives on Institutional Development (Hardcover)
Series: Routledge Studies in the Modern World Economy
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Total price: R4,111
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Economics tends to teach that developed countries have good
institutions while developing countries do not, and that this is
the factor that constrains the latter's growth. However, the
picture is far messier than this explanation suggests. Building on
the varieties of capitalism framework, this book brings together
the tools of institutional economics with historical analyses of
institutional evolution of different kinds of property rights and
legal systems, protected by different kinds of state, giving rise
to distinct corporate governance structures. It constructs
institutional development histories across leading liberal
capitalisms in Britain and the United States, compared with
continental capitalisms in France and Germany, and contemporary
transitional capitalisms in China and Tanzania. This volume is
innovative in combining both historical and economic insights, and
in combining developed country with developing country
institutional emergence, dispelling the prevailing sense of
complacency about the inevitability of the path of institutional
development for the developed areas of the world and the paths that
developing countries are likely to follow. This volume will be of
great importance to those who study international economics,
development economics and international business.
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