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The phenomena of after socialist institutional transformation: China and Russia comparison

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  • Martynov, Arkady

Abstract

The author presents an approach to the comparison of fundamental institutional changes in China and Russia attributed to the after socialist countries. Proceeding from the analysis, the trend of the institutional divergence between China and Russia considered in the nineties later changed to the trend of convergence. A unifying feature of the both economies concludes in the prevailing institutions of state capitalism in combination with the at-tributes of socialized market. In the current moment, there are discrepancies with respect to fundamental institu-tional changes between two countries, which may result in the emergence of new divergence trend.

Suggested Citation

  • Martynov, Arkady, 2019. "The phenomena of after socialist institutional transformation: China and Russia comparison," MPRA Paper 97692, University Library of Munich, Germany, revised 18 Dec 2019.
    • Handle: RePEc:pra:mprapa:97692
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    References listed on IDEAS

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    More about this item

    Keywords

    after socialist countries; state capitalism; socialized market; convergence; divergence;
    All these keywords.

    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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