implications are (b) the emergence of a new social formation that may be called World Market Capitalism, which has a vastly …

As China's economy grows and matures, is it developing institutional patterns that resemble those of other wealthy … evidence across countries and time, I then draw implications for China. 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. …

behaviour of the last 20 years in China. Six case studies of technological learning and links to external sources of know …-how from the South of China in the Pearl River Delta are examined. It is shown that the learning process that has been … South China lies in this ‘external’ interactive technological learning, as in other East Asian economies. …

of the economic system in China. By using the theory of endogenous ownership arrangements developed in Tian (1995), a … three stage method of China’s economic reform will be provided. It will be shown that a smooth institutional transition to a …-owned enterprises will face large scale bankruptcy and privatization. The first stage began with rural economic reform in China in 1979 …

A new theory of capitalism is suggested. Its key moments and general logic are presented. This theory is based on the … competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are …