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Paper Tigers, Hidden DragonsFirms and the Political Economy of China's Technological Development$
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Douglas B. Fuller

Print publication date: 2016

Print ISBN-13: 9780198777205

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198777205.001.0001

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Importing Institutions and Comparative Capitalism

Importing Institutions and Comparative Capitalism

Chapter:
(p.209) 8 Importing Institutions and Comparative Capitalism
Source:
Paper Tigers, Hidden Dragons
Author(s):

Douglas B. Fuller

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198777205.003.0009

This chapter introduces the concept of importing institutions to critique the widely held view in the field of comparative political economy that a healthy, well-functioning political economy is one that relies on domestic institutional arrangements and marginalizes the influence of foreign institutions. This chapter dubs this view the holistic view of political economy. These findings challenge the holistic view on two reasons. First, they show the possibility of accessing institutions located abroad for broad beneficial outcomes at home in an area usually deemed to be at the center of a domestic political economy, finance, in an area considered key to China’s economic progress, technological development. Second, China has been able to access these foreign institutions and have their influence coexist with domestic institutions inside China without destabilizing the domestic political economy. However, importing institutions in China is also politically contested.

Keywords:   China, importing institutions, comparative capitalism, political economy of development, varieties of capitalism, historical institutionalism, holistic view of political economy

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