Diversity of Emerging Capitalisms in Developing Countries

This book presents the results of a collective and original empirical investigation of the institutional systems underlying the capitalisms that are coming to the fore in developing nations. It unveils an original typology of capitalism varieties for those countries whose capitalist nature has seldom benefited from much analysis so far: poor and emerging developing countries. The book's approach has consisted in analysing capitalist systems as clusters of sectoral institutions and regulations. It systematically identifies and compares the institutional clusters underlying capitalist market economies, especially in developing and emerging countries. The analyses proposed by the book enable answering the following questions: What are these clusters of institutions underlying emerging capitalisms? How can we identify and then study them empirically? Are there common patterns of institutional clustering across countries? If so, what are their main long-term determinants? Are there specific patterns of economic outcome associated with these clusters? Can different forms of institutional complementarity be observed? How can we analyse institutional reform from this point of view?