Bataan Peninsula State University

Varieties of capitalism in Asia : beyond the developmental state /

Hundt, David.

Varieties of capitalism in Asia : beyond the developmental state / [electronic resource] David Hundt; Jitendra Uttam. - London : Palgrave Macmillan, 2017. - 1 online resource. - Critical studies of the Asia Pacific series. .

Includes bibliographical references and index.

Varieties of Capitalism in Asia; Acknowledgements; Contents; Abbreviations; List of Figures; List of Tables; 1 Asia Amid the Varieties of Capitalism Debate; 1.1 Capitalism in Asia After WWII; 1.2 A New Approach to Analysing Asian Capitalism; 1.3 Understanding Embeddedness; 1.4 Structure of the Book; Notes; 2 State and Society in Asian Capitalism; 2.1 The Developmental State in Retrospect; 2.2 The Varieties of Capitalism and Asia; 2.3 The Social Origins of Asian Capitalism; 2.3.1 The Socioeconomic Base of Capitalism; 2.3.2 Capitalist Institutions and Social Embeddedness. 2.3.3 The Politics of Economic Regimes3 Japan's Collective Capitalism and the Origins of the Asian Model; 3.1 The Transformation of Capitalism in Japan; 3.1.1 The Notion of Collective Capitalism; 3.1.2 How Much Transformation?; 3.2 The Socioeconomic Base of Collective Capitalism; 3.2.1 The Rise of Mercantilism; 3.3 Capitalist Institutions in Japan; 3.3.1 The Significance of Land Reforms; 3.3.2 Big Business and the Financial Sector; 3.3.3 The Ruling Party and the Bureaucracy; 3.3.4 The Role of Labour; 3.3.5 The Embeddedness of Collective Capitalism; 3.4 Economic Policy and Strategy. 3.4.1 Opening Up?3.4.2 Industrial Policy; 3.4.3 Monetary and Fiscal Policy; 3.4.4 Financial-Sector Policy; 3.4.5 Science and Technology Policy; 3.4.6 Labour Market Policy; 3.5 Conclusion; Note; 4 Confucian Capitalism: 'Organised from the Top' in Korea and 'Reorganised from the Bottom' in Taiwan; 4.1 Shared Historical Context and the Development of Capitalism; 4.1.1 Impact of Chinese Cultural Flows; 4.1.2 Colonialism, Land Reform, and the Cold War; 4.2 The Making of Confucian Capitalism; 4.3 Structural-Institutional Dynamics; 4.3.1 Societal Institutions; 4.3.2 State Institutions. 4.3.3 Bureaucratic-Technocratic Institutions4.3.4 Financial Institutions; 4.3.5 Labour Institutions; 4.4 Economic Policy and Strategy in Korea; 4.4.1 Exchange Rate and Trade Policies; 4.4.2 Financial Repression and Deregulation; 4.4.3 Science and Technology Policy; 4.5 Taiwan's Economic Policy and Strategy; 4.5.1 Exchange Rate and Trade Policies; 4.5.2 Savings, Financial Repression, and FDI; 4.5.3 Science and Technology Policy; 4.6 Conclusion; Notes; 5 Entrepôt Capitalism in Hong Kong and Singapore; 5.1 The Development of Entrepôt Capitalism; 5.1.1 Quality of Governance. 5.1.2 Coexistence of State and Market5.2 The Socioeconomic Base of Entrepôt Capitalism; 5.2.1 Embedding Entrepôt Capitalism in Society; 5.2.2 A Conservative Style of Embedded Capitalism; 5.3 Two Variants of Entrepôt Capitalism; 5.3.1 State Capitalism in Singapore; 5.3.2 Hong Kong's Liberal Capitalism; 5.3.3 Social Responses to Entrepôt Capitalism; 5.4 Economic Policy and Strategy in Singapore and Hong Kong; 5.4.1 Industrial Policy; 5.4.2 Science and Technology Policy; 5.4.3 Free Trade Agreements and Increasing Interdependence; 5.5 Conclusion.

This book devises an innovative new way of explaining how socioeconomic orders shape capitalism in Asia. Hundt and Uttam go beyond both the 'varieties of capitalism' approach, which is mainly used to analyse Western capitalism, and the 'developmental state' thesis, which is the primary framework for analysing capitalism in Asia, and propose a new and innovative approach to the emergence of capitalist systems. Rather than focusing solely or predominantly on the state, they argue, it is necessary to bring society back in to an analysis of capitalism. The authors apply this approach to case studies from across the region: Japan; South Korea and Taiwan; Hong Kong and Singapore; Malaysia and Thailand; and India and China. This volume will appeal to historians, political scientists and economists, as well as policymakers, who are interested in the transformation of the Asian region since World War II.

978-0-230-24031-5

2017938882


Capitalism--Asia.
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