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A taxonomy of state capitalism

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


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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4 Case Studies


“If you desire things, many things will seem but a few.”

Benjamin Franklin


So far in the course of this study it has been left unaccounted for, how diverging performances within state capitalist countries’ groups can be explained. In order to achieve this goal four presumably state capitalist countries – Russia, Kazakhstan, South Korea and Singapore – have been selected as case studies. Before leading over to the specific case studies, it is nevertheless needed to introduce case studies as a method of qualitative analysis and to expound on the design of the case studies including justification of case selection. After this introductory chapter the four case studies as such will be dealt with, being concluded by a comparison of all four cases.

Keywords: Russia, Kazakhstan, Singapore, South Korea, Case Studies, Performance Differences

4.1 Case Studies in Theory and as a Method in this Study

4.1.1 Case Studies as a Method of Qualitative Analysis

Over the recent past case studies have gained ground in academia as a scientific analytical method and have even been found out to be the most popular method for qualitative analysis over a 10-year period (Welch et al. 2011, p. 740). Likewise, this method is chosen for a wide array of research questions ranging from health, psychology or consumer studies to social sciences. Potential fields for case studies are group processes, internal organization or strategy. Case studies can as an exception...

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