Micro-institutional Foundations of Capitalism: Sectoral Pathways to Globalization in China, India, and Russia

  • 6h 49m
  • Roselyn Hsueh
  • Cambridge University Press
  • 2022

What is the relationship between internal development and integration into the global economy in developing countries? How and why do state–market relations differ? And do these differences matter in the post-cold war era of global conflict and cooperation? Drawing on research in China, India, and Russia and examining sectors from textiles to telecommunications, Micro-institutional Foundations of Capitalism introduces a new theory of sectoral pathways to globalization and development. Adopting a historical approach, the book's Strategic Value Framework shows how state elites perceive the strategic value of sectors in response to internal and external pressures. Sectoral structures and organization of institutions further determine the role of the state in market coordination and property rights arrangements. The resultant dominant patterns of market governance vary by country and sector within country. These national configurations of sectoral models are the micro-institutional foundations of capitalism, which mediate globalization and development.

  • Uncovers the connections between globalization and development
  • Shows how national politics and sectoral structural and institutional attributes interact
  • Introduces a novel theoretical framework, which bridges materialist arguments with constructivism and historical institutionalism

About the Author

Roselyn Hsueh is Associate Professor of Political Science at Temple University. She is the author of China's Regulatory State: A New Strategy for Globalization (2011). She is the recipient of the Fulbright Global Scholar Award for international fieldwork.

In this Book

  • Understanding Varieties of Market Governance in the Age of Globalization
  • Perceived Strategic Value and Sectoral Structures and Organization of Institutions
  • China and Sectoral Variation—Evolution of Techno-Security Developmentalism and the Rise of Bifurcated Capitalism
  • Security Imperatives, Infrastructural Development, and High-Tech Sectors—Centralized Governance in Chinese Telecommunications
  • Political Stability, Local Goals, and Labor-Intensive Sectors—Decentralized Governance in Chinese Textiles
  • India and Sectoral Variation—Evolution of Neoliberal Self-Reliance and the Rise of Bifurcated Liberalism
  • Pro-Liberalization Transnational Business and High-Tech Services—Regulated Governance in Indian Telecommunications
  • Political Legitimacy, Economic Stability, and Labor-Intensive Small-Scale Sectors—Centralized Governance in Indian Textiles
  • Russia and Sectoral Variation—Evolution of Resource Security Nationalism and the Rise of Bifurcated Oligarchy
  • National Security and Infrastructure and Resource Sectors—Centralized Governance in Russian Telecommunications
  • Regional Development and Labor-Intensive Sectors—Private Governance in Russian Textiles
  • Development, New Capitalisms, and Future of Global Conflict and Cooperation
  • Bibliography