Comparative Capitalisms

Glenn Morgan

International Studies of Management & Organization, 2011, vol. 41, issue 1, 12-34

Abstract: This study examines the contribution of the "comparative capitalisms" framework to the analysis of emerging economies. This framework focuses on how institutional structures within societies change and the impact of this change on the strategy and structure of firms and their ability to compete in global markets. In contrast to other forms of institutionalist analysis described herein, the comparative capitalisms framework focuses on the complexity of internal institutional structures and their degrees of complementarity and change brought about by powerful actors. It also examines how international pressures for homogeneity in institutional structures are mediated by politics and power. It illustrates these themes through examining the comparative capitalisms approach to the study of emerging economies in Eastern Europe and Asia and to the impact of multinationals and transnational systems of regulation on local institutional structures.

Date: 2011
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DOI: 10.2753/IMO0020-8825410101

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