Contested capitalism : financial politics and implications for China
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 econ...
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| Format: | Working Paper |
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2009
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| Online Access: | https://hdl.handle.net/10356/91174 http://hdl.handle.net/10220/4384 |
| _version_ | 1826128376810700800 |
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| author | Carney, Richard |
| author2 | S. Rajaratnam School of International Studies |
| author_facet | S. Rajaratnam School of International Studies Carney, Richard |
| author_sort | Carney, Richard |
| collection | NTU |
| description | 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. |
| first_indexed | 2024-10-01T07:23:59Z |
| format | Working Paper |
| id | ntu-10356/91174 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T07:23:59Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/911742019-12-06T18:01:01Z Contested capitalism : financial politics and implications for China Carney, Richard S. Rajaratnam School of International Studies DRNTU::Social sciences::Economic development::China 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. 2009-02-05T09:32:18Z 2019-12-06T18:01:01Z 2009-02-05T09:32:18Z 2019-12-06T18:01:01Z 2007 2007 Working Paper https://hdl.handle.net/10356/91174 http://hdl.handle.net/10220/4384 RSIS Working Papers ; 127/07 Nanyang Technological University 46 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic development::China Carney, Richard Contested capitalism : financial politics and implications for China |
| title | Contested capitalism : financial politics and implications for China |
| title_full | Contested capitalism : financial politics and implications for China |
| title_fullStr | Contested capitalism : financial politics and implications for China |
| title_full_unstemmed | Contested capitalism : financial politics and implications for China |
| title_short | Contested capitalism : financial politics and implications for China |
| title_sort | contested capitalism financial politics and implications for china |
| topic | DRNTU::Social sciences::Economic development::China |
| url | https://hdl.handle.net/10356/91174 http://hdl.handle.net/10220/4384 |
| work_keys_str_mv | AT carneyrichard contestedcapitalismfinancialpoliticsandimplicationsforchina |