A comparative political economy of diversified business groups, or how states organize big business
Name
Schneider RIPE.pdf
Size
95.33 KB
Format
Adobe PDF
Checksum (MD5)
6502ad56384e473e7afaa4307c1e3197
Author(s)
Schneider, Ben Ross
Date Issued
May 2009
Journal
Review of International Political Economy
Publisher
Routledge
Citation
Schneider, Ben Ross(2009) 'A comparative political economy of diversified business groups, or how states organize big business', Review of International Political Economy, 16: 2, 178 — 201
Version
Author's final manuscript
Abstract
Diversified business groups are present in nearly all economies and dominate the private sector in most developing countries. This article seeks to add to existing theories, primarily economic and sociological, by analyzing the policies and state actions that promote and sustain business groups, and contribute to significant cross-national variations among them along dimensions of size, range of diversification, and reactions to globalization. The political economy explanation presented here emphasizes the role of politics and policy - especially regulatory policies and overall development strategies - in setting the external parameters of variation among groups, and also incorporates additional internal economic logics (economies of scope and risk reduction). This political economic approach helps distinguish the core logics of three main kinds of business groups - organic, portfolio, and policy-induced - that have reacted differently to recent trends in market reform and globalization.
MIT Department
Massachusetts Institute of Technology. Department of Political Science
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1080/09692290802453713
