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

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 contributions of the book find evidence for the originality and extreme 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 in emerging and developing countries. Rougier and Combarnous bring together contributors to answer the following questions: What are these clusters of institutions underlying emerging capitalisms? How can we identify and then study them empirically? Are there common patterns of institutional clustering across countries? If so, 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?