Divergent Capitalisms: The Social Structuring and Change of Business Systems

Paperback | May 15, 2000

byRichard Whitley

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The late twentieth century has witnessed the establishment of new forms of capitalism in East Asia as well as new market economies in Eastern Europe. Despite the growth of international investment and capital flows, these distinctive business systems remain different from each other and fromthose already developed in Europe and the Americas. This continued diversity of capitalism results from, and is reproduced by, significant differences in societal institutions and agencies such as the state, capital and labour markets, and dominant beliefs about trust, loyalty, and authority. This book presents the comparative business systems framework for describing and explaining the major differences in economic organization between market economies in the late twentieth century. This framework identifies the critical variations in coordination and control systems across forms ofindustrial capitalism, and shows how these are connected to major differences in their institutional contexts. Six major types of business system are identified and linked to different institutional arrangements. Significant differences in post-war East Asian business systems and the ways in whichthese are changing in the 1990s are analysed within this framework, which is also extended to compare the path-dependent nature of the new capitalisms emerging in Eastern Europe.

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The late twentieth century has witnessed the establishment of new forms of capitalism in East Asia as well as new market economies in Eastern Europe. Despite the growth of international investment and capital flows, these distinctive business systems remain different from each other and fromthose already developed in Europe and the Am...

Richard Whitley is Professor of Organizational Sociology at the Manchester Business School, University of Manchester. He has also held visiting academic appointments at the International University of Japan (1993), University of Hong Kong (1988), Centre National de la Recherche Scientifique, Paris (1987), University of Amsterdam (1982...

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Format:PaperbackDimensions:320 pages, 9.21 × 6.14 × 0.71 inPublished:May 15, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199240426

ISBN - 13:9780199240425

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Table of Contents

Part I: Introduction1. Varieties of CapitalismPart II: The Comparative Business Systems Framework2. The Nature of Business Systems and their Institutional Structuring3. The Social Structuring of Firms' Governance Systems and Organizational Capabilities4. The Social Structuring of Work Systems5. Globalization and Business SystemsPart III: The Development and Change of Business Systems in East Asia and Eastern Europe6. Divergent Capitalisms in East Asia: The Development of the Post-War Business Systems of South Korea and Taiwan7. Continuity and Change in East Asian Capitalisms8. Path Dependence and Emergent Capitalisms in Eastern Europe: Hungary and Slovenia Compared9. Enterprise Change and Continuity in a Transforming Society: The Case of Hungary

Editorial Reviews

`The book provides a very useful intellectual toolkit for comparative analysis of varieties of capitalism and their interaction with an as yet underdeveloped global capitalist system. It not only reliably documents the diversity of institutional and organisational forms found in contemporarycapitalist societies but also enriches our understanding of both continuity and change in such arrangements in a wide range of advanced and newly industrialising countries across the globe.'Christel Lane; Work, Employment and Society, Vol 14, No4, 2000