The Anatomy of the Newly Emerging Illiberal Model of State Capitalism: A Developmental Dead End?

Judit Ricz

International Journal of Public Administration, 2021, vol. 44, issue 14, 1253-1263

Abstract: The article aims to conceptualize the contemporary illiberal model of state capitalism with the main focus on emerging economies. State capitalism is understood in a broad sense, as a multifaceted institutional construct, in which increased state interventionism is a steady feature, materializing in diverse forms. It is a first attempt to theorize and systematize the recent version of state capitalism along the Kornai’s system paradigm framework in a deductive-positivist way. Acknowledging that national varieties of contemporary statist experiments exist, the article aims at a higher abstraction level to define the operational logic and some common core characteristics of contemporary state-capitalist regimes, as a new type, a steady hybrid regime with its own values. Finally, it is argued that even though some illusionary short-term (economic) success stories have emerged, on the longer run illiberal statist measures aiming at consolidating political power at any costs, might undermine widely defined development.

Date: 2021
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DOI: 10.1080/01900692.2021.1874984

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