Chinese Capitalism in the OECD Mirror

New Political Economy, 2009, Vol. 14, No. 1: 71-99.

53 Pages Posted: 16 Mar 2007 Last revised: 23 Oct 2012

See all articles by Richard W. Carney

Richard W. Carney

China Europe International Business School (CEIBS)

Date Written: January 1, 2009

Abstract

As China's economy grows and matures, is it developing institutional patterns that resemble those of other wealthy countries? By examining the origins of modern capitalist institutions among wealthy countries, and how interests structured them, I draw implications for China. Specifically, I find that China resembles continental European capitalism far more than Anglo-American capitalism, and that it is likely to remain this way for the foreseeable future.

Keywords: comparative finance, financial institutions, political economy, capitalism, China

JEL Classification: G00, N00, P00

Suggested Citation

Carney, Richard W., Chinese Capitalism in the OECD Mirror (January 1, 2009). New Political Economy, 2009, Vol. 14, No. 1: 71-99., Available at SSRN: https://ssrn.com/abstract=970419 or http://dx.doi.org/10.2139/ssrn.970419

Richard W. Carney (Contact Author)

China Europe International Business School (CEIBS) ( email )

Shanghai-Hongfeng Road
Shanghai 201206
Shanghai 201206
China

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