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Author | : Zongshi Chen |
Publisher | : |
Total Pages | : 268 |
Release | : 2011 |
Genre | : |
ISBN | : |
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Abstract Empowering State Capitalism in China: The Revival, Legitimization and Development of Private Enterprises by Zongshi Chen Doctor of Philosophy in Sociology University of California, Berkeley Professor Thomas Gold, Chair My research explores the interplay between the state and market in the formation of the market, and how this in turn leads to the transformation or reproduction of such structures. This is a historical examination of the revival of private enterprise in China since the late 1970s against the contemporary hostile political environment and of the current development of private enterprise. It explores three main issues: (1) how private enterprise, and generally the market economy, a political taboo under Mao's regime, became legitimized; (2) how the state transformed in response to the development of private enterprise; (3) how private enterprise performed under such market institutions. My findings suggest that Wenzhou's marginal position in socialist economy, culture and administration enabled Wenzhou to become the first place for experimenting with private enterprise. The findings imply that marginalized areas had great potential for engendering new institutions; this advances the theory of institutional change. My archival study also shows that three categories of people were the earliest to engage in private enterprise: those who had some work experience in a collective or state entity;those who had done business individually elsewhere; and some cadres. The findings of my project reject the prevalent decentralization model in explaining China's institutional transition and lend partial support to the factional struggle theory. The findings suggest that the alliance between the local market model and central market-oriented leaders enhanced the legitimization of private economy. My findings also show that intellectual framing, which was rarely examined about China's transition, enhanced the gradual transition of institutional logic, the establishment of market institutions and, finally, market hegemony. In response to the development of private enterprise in the past three decades, Wenzhou transformed from a laissez faire state into a regulatory state, and then into an interventionist state. The findings reject a static view of state-society relations and advocate for an interactive approach to examining China's transition. This study also shows that institutional isomorphism drove the convergence of developmental models among four coastal cities and suggests an empowering state capitalism in these regions. The analysis of the nation-wide survey indicate that an entrepreneur's political connection is crucial for an enterprise's performance in both areas, and it contributed more to the performance of coastal enterprises than to that of inland enterprises. This gap may imply a stronger state intervention in the market on the coast than that in the inland and demonstrate the development of private enterprise may empower a strong state capitalism.
Author | : |
Publisher | : |
Total Pages | : 191 |
Release | : 2015 |
Genre | : |
ISBN | : 9781137516404 |
Download The Revival, Legitimization, and Development of Private Enterprise in China Book in PDF, ePub and Kindle
Author | : Z. Chen |
Publisher | : Springer |
Total Pages | : 198 |
Release | : 2016-04-30 |
Genre | : Business & Economics |
ISBN | : 1137516410 |
Download The Revival, Legitimization, and Development of Private Enterprise in China Book in PDF, ePub and Kindle
This book illustrates the decline of the state-encouraged revival and legitimization of private enterprises in 1980s China. Chen argues that the rapid growth of private enterprises strengthened the fiscal power of the state, leading the Chinese government to take an increasingly interventionist stance.
Author | : R. Coase |
Publisher | : Springer |
Total Pages | : 268 |
Release | : 2016-04-30 |
Genre | : Business & Economics |
ISBN | : 1137019379 |
Download How China Became Capitalist Book in PDF, ePub and Kindle
How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.
Author | : Margaret M. Pearson |
Publisher | : Cambridge University Press |
Total Pages | : 150 |
Release | : 2023-06-30 |
Genre | : Political Science |
ISBN | : 1009356704 |
Download The State and Capitalism in China Book in PDF, ePub and Kindle
China's contemporary political economy features an emboldened role for the state as owner and regulator, and with markets expected to act in the service of party-state goals. How has the relationship between the state and different types of firms evolved? This Element situates China's reform-era political economy in comparative analytic perspective with attention to adaptations of its model over time. Just as other types of economies have generated internal dynamics and external reactions that undermine initial arrangements, so too has China's political economy. While China's state has always played a core role in development, over time prioritization of growth has shifted to a variant of state capitalism best described as, “party-state capitalism,” which emphasizes risk management and leadership by the Chinese Communist Party (CCP). Rather than reflecting long-held intentions of the CCP, the transition to party-state capitalism emerged from reactions to perceived threats and problems, some domestic and some external. These adaptations are refracted in the contemporary crises of global capitalism.This title is also available as open access on Cambridge Core.
Author | : Yongnian Zheng |
Publisher | : Cambridge University Press |
Total Pages | : 493 |
Release | : 2018-09-06 |
Genre | : Political Science |
ISBN | : 1108609945 |
Download Market in State Book in PDF, ePub and Kindle
Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market economy at the bottom, state capitalism at the top, and a middle ground in between. By examining Chinese economic practices against the dominant schools of Western political economy and classical Chinese economic thoughts, the authors set out the analytical framework of 'market in state' to conceptualize the market not as an autonomous self-regulating order but part and parcel of a state-centered order. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.
Author | : Juann H. Hung |
Publisher | : Springer |
Total Pages | : 354 |
Release | : 2018-11-23 |
Genre | : Business & Economics |
ISBN | : 9811309833 |
Download The State of China’s State Capitalism Book in PDF, ePub and Kindle
This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China’s rise. These essays analyze issues related to the state of China’s ecology, real estate market, inbound and outbound FDI, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to gain insight into China’s extraordinary pace of growth in the past three decades.
Author | : Barry Naughton |
Publisher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2015-06-09 |
Genre | : Business & Economics |
ISBN | : 1107081068 |
Download State Capitalism, Institutional Adaptation, and the Chinese Miracle Book in PDF, ePub and Kindle
This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'.
Author | : Andrew Szamosszegi |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 122 |
Release | : 2011-10-26 |
Genre | : Capitalism |
ISBN | : 9781475293258 |
Download An Analysis of State-Owned Enterprises and State Capitalism in China Book in PDF, ePub and Kindle
China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Although China's reliance on private enterprise and market-based incentives has been growing, and the CCP's treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China's SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.
Author | : Benjamin L. Liebman |
Publisher | : Oxford University Press |
Total Pages | : 481 |
Release | : 2015-10-19 |
Genre | : Law |
ISBN | : 0190250267 |
Download Regulating the Visible Hand? Book in PDF, ePub and Kindle
The economic and geopolitical implications of China's rise have been the subject of vast commentary. However, the institutional implications of China's transformative development under state capitalism have not been examined extensively and comprehensively. Regulating the Visible Hand? The Institutional Implications of Chinese State Capitalism examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective. It first examines the domestic governance of Chinese state capitalism, looking at institutional design and regulatory policy in areas ranging from the environment and antitrust to corporate law and taxation. It then analyses the global consequences for the regulation of trade, investment and finance. Contributors address such questions as: What are the implications of state capitalism for China's domestic institutional trajectory? What are the global implications of Chinese state capitalism? What can be learned from a comparative analysis of state capitalism?