Chinese Capitalism in the OECD Mirror

Abstract

As China's economy grows and matures, is it developing institutional patterns that resemble those of other wealthy countries? By examining the origins of modern capitalist institutions among wealthy countries, and how interests structured them, I draw implications for China. Specifically, I find that China resembles continental European capitalism far more than Anglo-American capitalism, and that it is likely to remain this way for the foreseeable future.

Keywords: comparative finance, financial institutions, political economy, capitalism, China

JEL Classification: G00, N00, P00