A New Agenda for Research on the Trajectory of Chinese Capitalism

Abstract

This article sets a new agenda for research on the trajectory of Chinese capitalism. We first critically review the conflicting views on the causes of China's economic development. Then we suggest that insights from the comparative capitalism and economic sociology literatures can provide theoretical tools to understand the critical features of Chinese capitalism in a more systematic manner. The comparative capitalism literature can help us understand how Chinese capitalism resembles or differs from other varieties of capitalism in terms of the relationships between government, firms, and workers. The literature on economic sociology provides insights about how particular markets have evolved and become stabilized. We use these perspectives to suggest a set of possible research agendas for studying Chinese capitalism.

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