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A taxonomy of state capitalism

The developmental phases of Russia, Kazakhstan, South Korea and Singapore - a comparative institutional analysis

Series:

Axel Wölk

What is the economic order of state capitalism? Furthermore,how can its significant performance differences be explained? The firstquestion is tackled with the help of New Institutional Economics by developinga model of state capitalism. This topic is furthermore dealt with in Chapter 3 wherea taxonomy of state capitalism is presented. This chapter already explains someof the performance differences. In the last chapter with the help ofsemi-structured interviews and literature surveys – in four case studies –propositions are forwarded as to why state capitalist orders vary so widely intheir performances. Two points stick out: the quality of the bureaucracy aswell as a varying degree of commitment of the political leadership to adevelopmental course. 
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6 Annex

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6.1 Questionnaire for Field Trips to Russia and Kazakhstan

Four Hypotheses:

1. From a structural point of view a competent, pragmatic bureaucracy supports performance, such as relatively high scores in development indicators.

2. Concerning policies, a goal-oriented approach facilitates development by giving the corporate sector a relatively high degree of expectations certainty.

3. Structure and policies are interdependent meaning that for instance a competent bureaucracy tends to pursue a goal-oriented industrial policy and the existence of such an industrial policy amplifies the competence of the bureaucracy.

4. Regarding property rights, various types of state capitalism differ in their ability to overcome a lack of rule of law by credibly committing to developmental goals, with the developmental state the most successful and crony as well as predatory state capitalism the least successful.

Are there competitive entry exams and are there performance-based career paths for civil servants? Is remuneration at least partially performance-based? How does remuneration in the civil service relate to salaries in the private sector?

Would you consider the civil service to be more aloof from the corporate sector, directly connected to it or somewhere in between? Do you observe a number of instances, where companies managed to undermine the industrial policy formulated by the government by buying influence regarding bureaucrats? Do former bureaucrats regularly serve as managers in companies?

Do companies perceive the bureaucracy as more of a burden or a...

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