State capitalism in international context: Varieties and variations

Mike Wright, Geoffrey Wood, Aldo Musacchio, Ilya Okhmatovskiy, Anna Grosman and Jonathan P. Doh

Journal of World Business, 2021, vol. 56, issue 2

Abstract: State interventions in markets assume varieties of forms in different economic systems. To capture this variety, we consider state capitalism as a multidimensional concept, first reviewing its historical evolution from both practical and scholarly vantages. We describe several dimensions of state capitalism and demonstrate how cross-national variations can be captured through positioning countries along these dimensions. We use cross-sectional data for a large sample of countries to derive factors that represent key dimensions of state capitalism. We demonstrate how cross-national and historical variation in state capitalism is captured by this Virtual Special Issue and offer suggestions for future research.

Keywords: State capitalism; Statism; Government; State-owned enterprises; International business; State-owned multinationals; Sovereign wealth funds; Political ideology; Political institutions; Internationalization (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:worbus:v:56:y:2021:i:2:s1090951620300882

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DOI: 10.1016/j.jwb.2020.101160

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