china what variety of capitalism - insead.pdfVIP

China: What Variety of Capitalism? _______________ Michael A. WITT 2010/88/EPS China: What Variety of Capitalism? Michael A. Witt* An updated and revised version of this paper has been published as follows: Witt, Michael A., Gordon Redding (2014). China: Authoritarian Capitalism. In Michael A. Witt and Gordon Redding (Eds.), The Oxford Handbook of Asian Business Systems, 11-32. Oxford, UK: Oxford University Press. A working paper version is available at /sol3/papers.cfm?abstract_id=2171651 * Affiliate Professor of Asian Business and Comparative Management at INSEAD, 1 Ayer Rajah Avenue, Singapore 138676. Ph: +65 6799 5253 Email: michael.witt@ A Working Paper is the author’s intellectual property. It is intended as a means to promote research to interested readers. Its content should not be copied or hosted on any server without written permission from publications.fb@ Click here to access the INSEAD Working Paper collection     Abstract This paper analyzes China’s political economy through the lens of the varieties of capitalism approach as formulated by Hall and Soskice (2001). It presents the current state of knowledge about China in each of the five spheres of the political economy included in the varieties of capitalism model. It concludes that China in many respects resembles a liberal market economy (LME). In addition to providing an