Recommended for readers interested in understanding the diverse economic systems of late twentieth century, and how they differ. This book provides a framework for describing and explaining the variations in economic organization, and identifies six types of business systems linked to different institutional arrangements. It also analyses the East Asian business systems and how they are changing in the 1990s, and provides a comparison with the new capitalisms emerging in Eastern Europe.

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The late twentieth century has witnessed the establishment of new forms of capitalism in East Asia as well as new market economies in Eastern Europe. Despite the rhetoric of globalization, they are continuing to diverge because of significant differences in dominant institutions. This book presents the comparative business systems framework for describing and explaining the major differences in economic organization between market economies.

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