This illuminating book broadly addresses the emerging field of `diversity of capitalism’ from a comparative institutional approach. They present case studies to demonstrate the diversity of institutional patterns at the advent of the 21st century, both within the East Asian region and elsewhere.

Contents: 1. Coordination between Inertia and Dynamic Development: An Overview of Issues and Contributions Werner Pascha, Cornelia Storz and Markus Taube PART I: INSTITUTIONAL CHANGE AND INERTIA 2. Adaptive Efficiency and Pragmatic Flexibility: Characteristics of Institutional Change in Capitalism, Chinese-style Joachim Ahrens and Patrick Jünemann 3. Tracing the Process of Property Rights Specification in China: The Case of New Technology Enterprises Marcus Conlé 4. Institutional Change and the Role of Government: Technology Policy in Japan and Korea Tim Goydke 5. Higher Education Reform in South Korea and the Transformation of University Governance Peter Mayer 6. Institutions and Organizations in Korea’s Upstream Innovation Governance: A Search for Adaptive Efficiency? Dominik F. Schlossstein PART II: PATTERNS OF COORDINATION 7. The Current State of Research on Networks in China’s Business System Johannes Meuer and Barbara Krug 8. A Different Capitalism for China? The Role of Guanxi and the Family for Chinese Economic Development Susanne Rühle 9. Patterns of Distinctive Institutional Change in Chinese Capitalism Tobias ten Brink 10. Japan’s Silver Market: Creating a New Industry under Uncertainty Cornelia Storz and Werner Pascha 11. The Role of Institutional Conditions in Japanese FDI in European Transition Economies Norifumi Kawai Index