The developmental phases of Russia, Kazakhstan, South Korea and Singapore - a comparative institutional analysis
About the book
What is the economic order of state capitalism? Furthermore, how can its significant performance differences be explained? The first question is tackled with the help of New Institutional Economics by developing a model of state capitalism. This topic is furthermore dealt with in Chapter 3 where a taxonomy of state capitalism is presented. This chapter already explains some of the performance differences. In the last chapter with the help of semi-structured interviews and literature surveys – in four case studies – propositions are forwarded as to why state capitalist orders vary so widely in their performances. Two points stick out: the quality of the bureaucracy as well as a varying degree of commitment of the political leadership to a developmental course.
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