Book Talk: Micro-Institutional Foundations of Capitalism

Join us for a book talk with Roselyn Hsueh, Temple University Associate Professor of Political Science and author of the forthcoming “Micro-Institutional Foundations of Capitalism: Sectoral Pathways to Globalization in China, India, and Russia” (Cambridge University Press, 2022). Hsueh discussed how her book’s Strategic Value Framework shows that the perceived strategic value orientation of state elites rooted in significant phases of internal and external pressures shape dominant patterns of market governance, which vary by country and sector within country. Specifically, Hsueh’s research demonstrates techno-security developmentalism in China has shaped bifurcated capitalism, which governs dual-use capital- and knowledge-intensive versus labor-intensive industries. In India, neoliberal self-reliance has determined the bifurcated liberalism, which grounds transnationally networked high-tech versus rural, small-scale sectors. A bifurcated oligarchy governs defense and resource-oriented versus labor-intensive sectors in Russia shaped by resource security nationalism.

Edward Cunningham, Adjunct Lecturer in Public Policy, Director of Ash Center China Programs and of the Asia Energy and Sustainability Initiative at Harvard Kennedy School, moderated.

This discussion was co-sponsored by the Davis Center for Russian and Eurasian Studies, Harvard Kennedy School China Society, Fairbank Center for Chinese Studies, and Lakshmi Mittal and Family South Asia Institute.