The Role of the State in Asian Business Systems

Carney, Richard W., & Michael A. Witt (2014). The Role of the State in Asian Business Systems. In Michael A. Witt and Gordon Redding (Eds.), The Oxford Handbook of Asian Business Systems, 538-560. Oxford, UK: Oxford University Press.

25 Pages Posted: 14 Dec 2012 Last revised: 14 Aug 2015

See all articles by Richard W. Carney

Richard W. Carney

China Europe International Business School (CEIBS)

Michael A. Witt

INSEAD; Harvard University, Reischauer Institute

Date Written: 2014

Abstract

This chapter of the Oxford Handbook of Asian Business Systems examines how states influence the structure of national business systems in Asia. It begins with an overview of literature on the state’s role with regard to the institutional arrangements of capitalist systems in non-Asian as well as in Asia-specific contexts. It then turns to an examination of how well existing social science and business systems theories of the role of the state map onto contemporary Asian empirical realities. The evidence indicates that further refinement of the state’s role with regard to business system structures is needed, and a novel framework is proposed. We conclude with a discussion on future areas for research. This chapter contributes to the business systems and varieties of capitalism literatures as well as to the comparative political economy and sociology literature on state structures and institutional embeddedness.

Keywords: Government, State, Asia, Business Systems, Varieties of Capitalism, Institutions, Comparative Political Economy

Suggested Citation

Carney, Richard W. and Witt, Michael A., The Role of the State in Asian Business Systems (2014). Carney, Richard W., & Michael A. Witt (2014). The Role of the State in Asian Business Systems. In Michael A. Witt and Gordon Redding (Eds.), The Oxford Handbook of Asian Business Systems, 538-560. Oxford, UK: Oxford University Press., Available at SSRN: https://ssrn.com/abstract=2188887 or http://dx.doi.org/10.2139/ssrn.2188887

Richard W. Carney

China Europe International Business School (CEIBS) ( email )

Shanghai-Hongfeng Road
Shanghai 201206
Shanghai 201206
China

Michael A. Witt (Contact Author)

INSEAD ( email )

1 Ayer Rajah Avenue
Singapore, 138676
Singapore

HOME PAGE: http://faculty.insead.edu/michael-witt/research

Harvard University, Reischauer Institute

1730 Cambridge Street
Cambridge, MA 02138
United States

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