Stanford University

POLISCI 346U
Political Economy of Crony Capitalism

Winter 2003-2004

The concept of crony capitalism arises in several literatures on the political economy of development. In political science, crony capitalism is often associated with corruption and lack of good political institutions, which plague many developing countries. In economics, crony capitalism epitomizes explanations for the East Asian financial crisis in the late 1990s, as well as the failures of market reforms in East Europe, among other cases.

This course focuses on evaluating recent theoretical approaches and tools for the study of crony capitalism as a subject in its own right. Selected case studies are analyzed in light of these new tools to understand the implications of crony capitalism on governance, corruption, and economic performance.

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