This illuminating book broadly addresses the emerging field of `diversity of capitalism' from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These countries are of particular interest due to the fact that they are often considered to have developed their own peculiar blend of models of capitalism.
The expert contributors take a common institutional approach, focusing on institutions at the macro level. They present case studies to demonstrate the diversity of institutional patterns at the advent of the 21st century, both within the East Asian region and elsewhere. Examples of stability within existing institutions are illustrated alongside examples of comprehensive institutional change. Underpinning the case studies is a set of theoretical and empirical challenges for researchers concerned with national institutional settings, path dependence and endogenous dynamics.
Institutional Variety in East Asia will prove a fascinating read for academics and students with an interest in Asian studies, institutional theory, political economy and heterodox economics.
Edited by Werner Pascha, University of Duisburg-Essen, Cornelia Storz, Goethe University of Frankfurt and Markus Taube, University of Duisburg-Essen, Germany
Contents: 1. Coordination between Inertia and Dynamic Development: An Overview of Issues and Contributions Werner Pascha, Cornelia Storz and Markus Taube PART I: INSTITUTIONAL CHANGE AND INERTIA 2. Adaptive Efficiency and Pragmatic Flexibility: Characteristics of Institutional Change in Capitalism, Chinese-style Joachim Ahrens and Patrick Junemann 3. Tracing the Process of Property Rights Specification in China: The Case of New Technology Enterprises Marcus Conle 4. Institutional Change and the Role of Government: Technology Policy in Japan and Korea Tim Goydke 5. Higher Education Reform in South Korea and the Transformation of University Governance Peter Mayer 6. Institutions and Organizations in Korea's Upstream Innovation Governance: A Search for Adaptive Efficiency? Dominik F. Schlossstein PART II: PATTERNS OF COORDINATION 7. The Current State of Research on Networks in China's Business System Johannes Meuer and Barbara Krug 8. A Different Capitalism for China? The Role of Guanxi and the Family for Chinese Economic Development Susanne Ruhle 9. Patterns of Distinctive Institutional Change in Chinese Capitalism Tobias ten Brink 10. Japan's Silver Market: Creating a New Industry under Uncertainty Cornelia Storz and Werner Pascha 11. The Role of Institutional Conditions in Japanese FDI in European Transition Economies Norifumi Kawai Index