Publication

This paper discusses whether China's economy is developing institutional patterns that resemble those of other wealthy countries. The author offers a theory that deduces the structure of nations' capitalist institutions based on distributive welfare gains to those actors representing an economy's main factors of production, using the structure of a nation's financial institutions as a proxy for its capitalist institutions. The paper concludes that China resembles continental European capitalism far more than Anglo-American capitalism and that it is likely to remain this way.