It is often stated that globalization makes a "smaller" world by institutional conver-gence. Economic orders become alike across the world. This article addresses institutional change triggered by the global financial crisis of 2008/2009 and challenges this general conviction of worldwide...

Defining state capitalism -- Russia: crony capitalism, Putin-style -- Kyrgyzstan: sad poster-child of neoliberalism -- Kazakhstan: a dual economy with developmental characteristics -- Uzbekistan: economic life under control and beyond control -- Tajikistan and Turkmenistan: predatory state...