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What is the relationship between internal development and integration into the global economy in developing countries? How and why do state–market relations differ? And do these differences matter in the post-cold war era of global conflict and cooperation? Drawing on research in China, India, and Russia and examining sectors from textiles to telecommunications, Micro-institutional Foundations of Capitalism introduces a new theory of sectoral pathways to globalization and development. Adopting a historical and comparative approach, the book’s Strategic Value Framework shows how state elites perceive the strategic value of sectors in response to internal and external pressures. Sectoral structures and organization of institutions further determine the role of the state in market coordination and property rights arrangements. The resultant dominant patterns of market governance vary by country and sector within country. These national configurations of sectoral models are the micro-institutional foundations of capitalism, which mediate globalization and development.
Roselyn Hsueh is an Associate Professor of Political Science at Temple University, where she co-directs the Certificate in Political Economy. She is the recipient of the Fulbright Global Scholar Award for research in India, Mexico, and Russia. Her new book, Micro-Institutional Foundations of Capitalism: Sectoral Pathways to Globalization in China, India, and Russia, is forthcoming with Cambridge University Press (2022). She is the author of China’s Regulatory State: A New Strategy for Globalization (Cornell University Press, 2011), and scholarly articles and book chapters. BBC World News, The Economist, Foreign Affairs, Foreign Policy, National Public Radio, The Washington Post, and other media outlets have featured her research. She has testified before the U.S.-China Economic and Security Review Commission and consulted for The Center for Strategic and International Studies. She previously served as a Global Order Visiting Scholar at the University of Pennsylvania, a member of the Georgetown Initiative for U.S.-China Dialogue on Global Issues, and a Residential Research Faculty Fellow at U.C. Berkeley. She also lectured as a Visiting Professor at Tecnológico de Monterrey in Mexico and served as a Visiting Scholar at the Institute of World Economics and Politics, Chinese Academy of Social Sciences. She held the Hayward R. Alker Postdoctoral Fellowship at the University of Southern California and conducted international fieldwork in China, Japan, and Taiwan as a U.S. Fulbright Scholar and David L. Boren National Security Fellow. She earned her B.A. and Ph.D. in Political Science from the University of California, Berkeley.