ABSTRACT

The purpose of this book was threefold. It intended first to show why and how political economists should go beyond conventional static analyses of market economy and study contemporary issues from the viewpoint provided by the notion of capitalism. It is an invitation to study this specific socioeconomic system, which is constantly evolving under its inner dynamism. The first two sections of this conclusion summarize the main findings concerning this theoretical and rather general issue. However, this book’s second and substantive purpose was to capture and interpret the structural transformations observed since the 1990s in East Asia, which has served as more than a social laboratory. It is time to provide a synthesis of the findings of the historical analysis of the Japanese, Chinese, and Korean trajectories from an institutionalist standpoint, but the systematic comparative statistical analyses provided by many chapters herein must also be taken into account. A third novelty of this work is that it tightly interconnects domestic transformations and the changing pattern of international relations rather than simply juxtaposing and contrasting national régulation modes. The originality of Asian economic integration provides a strong incentive to extend régulation theory to a new domain, namely, that of international relations and the dynamics of the world economy. The following are the main findings concerning these three themes.