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The Venture Capital StateThe Silicon Valley Model in East Asia$
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Robyn Klingler-Vidra

Print publication date: 2018

Print ISBN-13: 9781501723377

Published to Cornell Scholarship Online: May 2019

DOI: 10.7591/cornell/9781501723377.001.0001

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Contextual Rationality

Contextual Rationality

(p.17) 2 Contextual Rationality
The Venture Capital State

Robyn Klingler-Vidra

Cornell University Press

Chapter Two advances the book’s contextual rationality framework, which builds upon three bodies of scholarship: diffusion, economic rationality and comparative capitalism. It conceptualizes the norms that are fundamental to the study, and develops how and why the norms impact the design of efforts in the VC policy area. Based upon the conceptualization of how norm affect the learning process, the chapter develops the analytical narratives of Hong Kong, Taiwan and Singapore, articulating expectations around what transformations materialize in each state. Together, the cases cover a neoliberal to statist range of norms within East Asia.

Keywords:   Rationality, Bounded Rationality, Contextual Rationality, Norms, Diffusion, Hong Kong, Taiwan, Singapore, Neoliberal, Intervention

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