Background

This project follows up on the comparative research project "A BICS-Variety of Capitalism? The Emergence of State-permeated Market Economies in large Emerging Countries" that compared the economic systems of China, India, Brazil and South Africa between 2000 and 2010. It argued for the existence of a model of "state-permeated capitalism" which is realized most in China, quite well in India, less so in Brazil and not so much in South Africa.

This model of state-permeated capitalism works because it features a high degree of institutional complementarity based on a reciprocal form of coordination embodied in strong interpersonal state-business alliances. In this way, it features an institutional stability and coherence similar to other established types of capitalism (as identified in Comparative Capitalisms research):


Research Design

The current project deliberately chooses for a controlled comparison of India and Brazil precisely for their "imperfect" status. By finding out the conditions of stability in each of the two economies, this research delivers potential inferences for other developing and emerging economies in which state actors play an active role but are less capable than e.g. in China.


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Funded by the German Research Council

Generous support by the German Research Council (Deutsche Forschungsgemeinschaft; DFG) makes this research project possible.