We present a sketch of the existing Chinese business system and discuss what we see as the main challenges in its future evolution. We argue that China will probably retain its own unique form of capitalism rather than converge on any presently existing model. Though the future shape of this...

This book analyzes the dynamics of institutional change in Japan during the 1990s and the early 2000s. In doing so, it presents a coevolutionary model of institutional change, and it argues that the characteristics of institutional change -- especially speed -- in Japan and other advanced...