The phenomena of after socialist institutional transformation: China and Russia comparison

Arkady Martynov

MPRA Paper from University Library of Munich, Germany

Abstract: The author presents an approach to the comparison of fundamental institutional changes in China and Russia attributed to the after socialist countries. Proceeding from the analysis, the trend of the institutional divergence between China and Russia considered in the nineties later changed to the trend of convergence. A unifying feature of the both economies concludes in the prevailing institutions of state capitalism in combination with the at-tributes of socialized market. In the current moment, there are discrepancies with respect to fundamental institu-tional changes between two countries, which may result in the emergence of new divergence trend.

Keywords: after socialist countries; state capitalism; socialized market; convergence; divergence (search for similar items in EconPapers)
JEL-codes: O57 P00 P52 (search for similar items in EconPapers)
Date: 2019-11-27, Revised 2019-12-18
New Economics Papers: this item is included in nep-cis, nep-hme and nep-tra
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