- Preface and Acknowledgements
- List of Figures
- List of Tables
- China: Authoritarian Capitalism
- Hong Kong: Hybrid Capitalism as Catalyst
- India: From Failed Developmental State Towards Hybrid Market Capitalism
- Indonesia: Oligarchic Capitalism
- Japan: Coordinated Capitalism Between Institutional Change and Structural Inertia
- Laos: Frontier Capitalism
- Malaysia: Personal Capitalism
- The Philippines: Inequality–Trapped Capitalism
- Singapore: Open State-Led Capitalism
- South Korea: Plutocratic State-Led Capitalism Reconfiguring
- Taiwan: Sme-Oriented Capitalism in Transition
- Thailand: Post-Developmentalist Capitalism
- Vietnam: Post-State Capitalism
- Business Groups in Asia: An Institutional Perspective
- Corporate Governance and Business Systems in Asia
- Culture and the Business Systems of Asia
- Employment Relations and Human Resource Management in Asia: Explaining Patterns in Asian Societies
- Financial Systems in Asia: Where Politics Meets Development
- MNEs in Asian Business Systems
- National R&D Systems and Technology Development in Asia
- The Co-evolution of Global Sourcing of Business Support Functions and the Economic Development of Asian Emerging Economies
- Social Capital in Asia: Its Dual Nature and Function
- The Role of the State in Asian Business Systems
- A Survey of Strategic Behaviour and Firm Performance in Asia
- Pictures of the Past: Historical Influences in Contemporary Asian Business Systems
- Beyond Production: Changing Dynamics of Asian Business Groups
- Change and Continuity in East Asian Business Systems
- Asian Business Systems: Implications and Perspectives for Comparative Business Systems and Varieties of Capitalism Research
- Asian Business Systems: Implications for Managerial Practice
Abstract and Keywords
This article examines how states influence the structure of national business systems in Asia. It begins with an overview of literature on the state’s role with regard to the institutional arrangements of capitalist systems in non-Asian as well as in Asia-specific contexts. It then turns to an examination of how well existing social science and business systems theories of the role of the state map onto contemporary Asian empirical realities. The evidence indicates that further refinement of the state’s role with regard to business system structures is needed, and a novel framework is proposed. We conclude with a discussion on future areas for research. This article contributes to the business systems and varieties of capitalism literatures as well as to the comparative political economy and sociology literature on state structures and institutional embeddedness.
Richard W. Carney is a Fellow at the Australian National University, Australia.
Michael A. Witt is a professor of Asian Business and Comparative Management at INSEAD, Singapore, and an Associate in Research at the Reischauer Institute, Harvard University, US.
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