Introduction to the Comparative Chapters
This chapter subsequently changes tack and explores alternative systems of capitalism, with the objective of using a comparative perspective to generate additional insights into China and its possible trajectory. In particular, it evaluates the forms of capitalism in four other contexts: the United States, Japan, Germany, and South Korea. Some remarks on comparative advantage are examined. It is shown that Michael Porter in 1990 linked the competitiveness of nations to what he called a ‘diamond model’ with four vertices. Throughout this book, it builds on Porter's later insights and recent scholarly research suggesting that comparative advantage may at least partially be a result of the structure of society and the business system.
Keywords: capitalism, China, United States, Japan, Germany, South Korea, Michael Porter, business system, diamond model, comparative advantage
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .