Introduction to types of capitalism

Professor Erik S. Reinert

This introductory section is based on four case studies developed at Harvard Business School on different types of capitalism: English, American, German and Japanese. The institutional characteristics both uniting and differentiating these different capitalist experiences are thoroughly discussed. What are the technological and geographical dynamics of capitalism? When does capitalism cause peripheral poverty and when does it produce sequential upgrading? Classical colonialism is contrasted with the Asian ‘flying geese’ model of sequential economic growth. What determines the rise and fall of capitalist systems? What options are open to nations and regions today as regards types of capitalism? This section requires particularly thorough reading of the assigned cases on the part of the students.

Harvard Business School case studies

Credits: 2
Grade: pass/fail
Mandatory: Yes