Postsocjalistyczna transformacja w Chinach i Wietnamie w perspektywie teorii różnorodności kapitalizmu
The post-socialist transition in China and Vietnam in the perspective of theory varieties of capitalism

Summary/Abstract: The post-socialist economic and political transformation in Asia is one of the most important processes in the contemporary world. Since 1990, China and Vietnam have been among the fastest-growing economies in the world, with an estimated average growth of 9 per cent per year in China and almost 7 per cent in Vietnam. Unlike other transition economies, high economic growth rates in China and Vietnam have been sustained throughout the reform period. This phenomenon still poses a challenge to economic theory as their growth seems to contradict the assumptions of mainstream economics about the importance of "market-friendly" economic policies. This poses a question about the economic system of both countries. A relatively new approach known as Varieties of Capitalism (VoC) and Diversity of Capitalism (DoC) may be helpful in this context. The article is an attempt to apply this perspective to China and Vietnam. The article's main aim is to identify the most important systemic features of both countries, describe the evolution of this system and classify it. On this basis, I put forward the thesis that specific institutional attributes distinguish the Chinese and Vietnamese systems from others. We can speak of a specific economic system characteristic of the Far Eastern post-socialist regimes. Literature analysis, data analysis and a case study are used in the article.

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