Springer The Diversity of Emerging Capitalisms in Developing Countries: Globalization, Institutional Convergence and Experimentation

Product Description This book presents the results of a collective and original empirical investigation of the institutional systems underlying the capitalisms that are coming to the fore in developing nations. While varieties of industrialized countries’ capitalisms are extensively scrutinized, those of developing countries’ capitalisms are far less documented. By implementing a unified and original comparative approach based on the institutional complementarity theory, the different contributors of the book find evidence for the originality and heterogeneity of the forms of capitalism to be observed in developing countries. This text analyses capitalist systems as clusters of sectoral institutions and regulations, identifying differences between these clusters in a large sample of emerging and developing countries. Rougier and Combarnous bring together contributions answering the following questions: What are these clusters of institutions underlying emerging capitalisms? Are there common or specific patterns of institutional clustering across countries and what are the main characteristics of the varieties of capitalism they shape? What are their main long-term determinants? Are there specific patterns of economic outcome associated with these clusters? Can different forms of institutional complementarity be observed? How can we analyse institutional reform from this perspective? Review “Globalization was supposed to deliver the next convergence toward a canonical form of capitalism. This book challenges this conventional wisdom. A stimulating and extensive survey of institutional theories and an impressive collection of data covering 140 countries bring an unprecedented analysis and taxonomy for emerging capitalisms and not only mature ones. This should a must read for  any scholar interested in institutional and comparative political economy and reformers in search  for a national strategy  in response to a contested globalization.” (Robert Boyer, Ecole Normale Supérieure Jourdan and Paris School of Economics, France) “This is a pioneering book that breaks new ground in the institutional analysis of capitalism by undertaking an in-depth, quantitative analysis of institutional heterogeneity around the world. It moves beyond simple dichotomies – such as market-oriented versus statist – to develop a richer taxonomy of institutional clusters in developing economies. The patterns of institutional diversity and experimentation identified by the authors document the malleability of capitalism and make a significant contribution to our understanding of the development process.” (Dani Rodrik, Harvard Kennedy School, University of Harvard, USA) “The authors take on the very impressive challenge of identifying similarities and differences amongst the political economies of developing countries, both relative to each other and more advanced capitalist systems. This rich collection disentangles the uniqueness and diversity of capitalist systems in the developing world. It poses a challenge to pessimistic views of poor nations as arbitrary and often logically inconsistent systems of market governance.” (Nita Rudra, Georgetown University, USA) “This book constitutes a deep renewal of our thinking on the nature of capitalisms in emerging and developing countries, as it builds a coherent and convincing theoretical framework that articulates these various capitalisms with institutional systems and political economy: an insightful and thought-provoking book.” (Alice Nicole Sindzingre, National Centre for Scientific Research (CNRS), France) From the Back Cover This book presents the results of a collective and original empirical investigation of the institutional systems underlying the capitalisms that are coming to the fore in developing nations. While varieties of industrialized countries’ capitalisms are extensively scrutinized, those of developing countries’ capitalisms are far less documented. By im