State capitalism in international context: Varieties and variations

State interventions in markets assume varieties of forms in different economic systems. To capture this variety, we consider state capitalism as a multidimensional concept, first reviewing its historical evolution from both practical and scholarly vantages. We describe several dimensions of state capitalism and demonstrate how cross national variations can be captured through positioning countries along these dimensions. We use cross-sectional data for a large sample of countries to derive factors that represent key dimensions of state capitalism. We demonstrate how cross-national and historical variation in state capitalism is captured by this Virtual Special Issue and offer suggestions for future research.

Automated summary

This article discusses the various forms of state interventions in markets in different economic systems, viewing state capitalism as a multidimensional concept and reviewing its historical evolution. By identifying key dimensions of state capitalism, the authors demonstrate how cross-national variations can be captured and suggest directions for future research.