Economics and Finance


The Emerging Clan Capitalism in the World

Authors: Victor Christianto

In the present article a number of critical economics situations are discussed based on clan capitalism as a starting point. One can see clearly then, that instead of assuming 'ordinary economy’ and that clan/crony capitalism is an exception in particular nation because of certain socio-historical context, one should begin with the opposite assumption instead: that clan capitalism can be found almost everywhere in this planet. One can say that clan capitalism is a norm/rule rather than an exception, because clan capitalism is part of liberal capitalism itself. Apparently, more studies on the extent and role of clan capitalism in a nation's economy and also their role in globalized economy can be expected in the coming years.

Comments: 26 Pages. This paper has not been submitted to any journal, but it has been included in a book with title: Clan Capitalism, Graph Distance, and Other Issues (2013).

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Submission history

[v1] 1 Aug 2010
[v2] 9 Aug 2010
[v3] 2013-05-03 00:33:55

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