State capitalism in international context: varieties and variations

Mike Wright, Geoffrey Wood, Aldo Musacchio, Ilya Okhmatovskiy, Anna Grosman, Jonathan P. Doh

Research output: Contribution to journalReview articlepeer-review

51 Citations (Scopus)
33 Downloads (Pure)


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.

Original languageEnglish
Article number101160
JournalJournal of World Business
Issue number2
Publication statusPublished - Feb 2021


  • Government
  • International business
  • Internationalization
  • Political ideology
  • Political institutions
  • Sovereign wealth funds
  • State capitalism
  • State-owned enterprises
  • State-owned multinationals
  • Statism


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