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State capitalism in international context: Varieties and variations |
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| Authors: | Mike Wright Geoffrey Wood Aldo Musacchio Ilya Okhmatovskiy Anna Grosman Jonathan P Doh |
| Institution: | 1. Imperial College London, UK;2. Western University, UK;3. Brandeis University, USA;4. Universidade Nova de Lisboa, Portugal;5. Loughborough University, UK;6. Villanova University, USA;1. Imperial College London, UK;2. Western University, UK;3. Brandeis University, USA;4. Universidade Nova de Lisboa, Portugal;5. Loughborough University, UK;6. Villanova University, USA |
| Abstract: | State interventions in markets assume varieties of forms in different economic systems. To capture this variety, we consider state capitalism as a multidimensional concept, first reviewing its historical evolution from both practical and scholarly vantages. We describe several dimensions of state capitalism and demonstrate how cross-national variations can be captured through positioning countries along these dimensions. We use cross-sectional data for a large sample of countries to derive factors that represent key dimensions of state capitalism. We demonstrate how cross-national and historical variation in state capitalism is captured by this Virtual Special Issue and offer suggestions for future research. |
| Keywords: | State capitalism Statism Government State-owned enterprises International business State-owned multinationals Sovereign wealth funds Political ideology Political institutions Internationalization |
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