Publications

Working Paper

This paper presents a comprehensive comparison of the institutional structures of 13 major Asian business systems, those of China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, the Philippines, Singapore, Korea, Taiwan, Thailand, and Vietnam.

Based on these data, the paper identifies five major clusters of Asian business systems: (post-)socialist economies, advanced city economies, emerging Southeast Asian economies, advanced Northeast Asian economies, and Japan.

It further draws on a number of patterns visible in the comparative data to argue that the business systems literature should invest in the further development of theory and empirical research on social capital, culture, informality, and multiplexity.