Answer ONE question out of the ones provided with a maximum of 1000 words.
1. It is argued that the Chinese institutional system has encouraged the development of some internationally successful firms, and now these firms move from basic technology manufacturing to medium-high tech.
By concentrating on the role of the state, the financial system and authority relations (workplace culture) evaluate the argument of the role of those institutional subsystems. In your answer you may consider the ability of large firms to substitute the lack of institutional influences or overcome these.
2. There is a general agreement in the literature that apart from the very large company sector, the UK diverts from ideal types of the varieties of capitalism even though it is time to time described as a liberal market economy.
By choosing examples from various industries show how the interaction between the institutional subsystems and firms create this divergence from the ideal types.
