in China in the long run. The paper aims at (i) applying the Varieties-of-Capitalism (VoC) framework to China and … China; (iii) analyzing the impact which the emerging type of capitalism will have on the economy's allocative and dynamic … complementarities in the long run. -- institute ; China ; capitalism …

This paper contributes to the understanding of the diversity of capitalism by combining approaches from comparative … political economy and development studies, notably developmental state theory. We show that different types of capitalism react … differently to global shocks and offer some support for the classic varieties of capitalism argument that external pressure leads …