Ersatz Capitalism and Industrial Policy in Southeast Asia: A Comparative Institutional Analysis of Indonesia and Malaysia

This book explores the concept of "ersatz capitalism" in analyzing industrial policy blockades to economic development in Malaysia and Indonesia. It combines theoretical insights from international political economy, development studies, industrial and innovation policy, and new institutionalism with empirical case studies of the automotive and ICT industries in these countries. By examining conflicts of interest between state apparatus, associations, and companies, the book offers a novel approach to international comparative research on capitalism.

Format: Paperback / softback
Length: 252 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

This book delves into the concept of "ersatz capitalism" in analyzing industrial policy blockades to economic development in Malaysia and Indonesia. Drawing from a wide range of disciplines such as international political economy, development studies, industrial and innovation policy, and new institutionalism, the author seeks to understand the unique pathways and institutions of economic growth within the East Asian region. Through comprehensive theoretical insights and empirical case studies, the book explores the dynamics of economic development in Malaysia and Indonesia, particularly focusing on the automotive and ICT industries. By employing contemporary research on international political economy, the author uncovers the intricate conflicts of interest between different factions of state apparatus, associations, and companies that hinder developmental policies. This unique combination of theory formation and empirical analysis offers a novel approach to international comparative research on capitalism. The book is of immense interest to scholars and researchers in the fields of international political economy, development studies, new institutionalism, East Asian and Southeast Asian studies, and industrial and innovation policy.

Introduction:
The concept of "ersatz capitalism" has gained significant attention in recent years as scholars and policymakers explore the dynamics of economic development in various parts of the world. In this book, we will delve into the application and development of this concept in the analysis of industrial policy blockades to economic development in Malaysia and Indonesia.

Theoretical Framework:
Drawing on insights from international political economy, development studies, industrial and innovation policy, and new institutionalism, the author seeks to define and analyze a specific type of capitalism that is prevalent in the East Asian region. This type of capitalism is characterized by a combination of state intervention, private enterprise, and informal institutions, which together shape the economic landscape.

Empirical Analysis:
The book provides a comprehensive empirical analysis of the economic development paths and institutions within the East Asian region. Through detailed case studies of Malaysia and Indonesia, the author examines how conflicts of interest between factions of state apparatus, associations, and companies contribute to the failure of developmental policies. The unique combination of theory formation and empirical analysis offers a novel approach to international comparative research on capitalism.

Conclusion:
In conclusion, this book provides valuable insights into the complex dynamics of industrial policy blockades to economic development in Malaysia and Indonesia. By applying the concept of "ersatz capitalism" and employing a comprehensive theoretical framework, the author offers a novel approach to understanding the unique pathways and institutions of economic growth within the East Asian region. The book is of immense interest to scholars and researchers in the fields of international political economy, development studies, new institutionalism, East Asian and Southeast Asian studies, and industrial and innovation policy.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032192949