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Photo: “New York Stock Exchange 20170311“, by Suicasmo, licensed under CC BY-SA 4.0. Hue modified from the original

Ricz, Judit. “The Anatomy of the Newly Emerging Illiberal Model of State Capitalism: A Developmental Dead End?.” International Journal of Public Administration (2021): 1-11.


The article aims to conceptualize the contemporary illiberal model of state capitalism with the main focus on emerging economies. State capitalism is understood in a broad sense, as a multifaceted institutional construct, in which increased state interventionism is a steady feature, materializing in diverse forms. It is a first attempt to theorize and systematize the recent version of state capitalism along the Kornai’s system paradigm framework in a deductive-positivist way. Acknowledging that national varieties of contemporary statist experiments exist, the article aims at a higher abstraction level to define the operational logic and some common core characteristics of contemporary state-capitalist regimes, as a new type, a steady hybrid regime with its own values. Finally, it is argued that even though some illusionary short-term (economic) success stories have emerged, on the longer run illiberal statist measures aiming at consolidating political power at any costs, might undermine widely defined development.

The Illiberalism Studies Program studies the different faces of illiberal politics and thought in today’s world, taking into account the diversity of their cultural context, their intellectual genealogy, the sociology of their popular support, and their implications on the international scene.