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Mao and Markets

Mao and Markets
Author: Christopher Marquis
Publisher: Yale University Press
Total Pages: 383
Release: 2022-01-01
Genre: History
ISBN: 0300263384

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A thoroughly researched assessment of how China's economic success continues to be shaped by the communist ideology of Chairman Mao A Financial Times "Best Book of 2022" Tied for the 2023 Axiom Gold Medal, sponsored by Axiom Business Book Awards It was long assumed that as China embraced open markets and private enterprise, its state-controlled economy would fall by the wayside, that free markets would inevitably lead to a more liberal society. Instead, China's growth over the past four decades has positioned state capitalism as a durable foil to the orthodoxy of free markets, to the confusion of many in the West. Christopher Marquis and Kunyuan Qiao argue that China's economic success is based on--not in spite of--the continuing influence of Communist leader Mao Zedong. They illustrate how Mao's ideological principles, mass campaigns, and socialist institutions have enduringly influenced Chinese entrepreneurs' business strategies and the management of their ventures. Grounded in case studies and quantitative analyses, this book shows that while private enterprise is the engine of China's growth, Chinese companies see no contradictions between commercial drive and a dedication to Maoist ideology.


The Institutional Evolution of China

The Institutional Evolution of China
Author: Fan Zhang
Publisher: Edward Elgar Publishing
Total Pages: 320
Release: 2018-09-28
Genre: BUSINESS & ECONOMICS
ISBN: 178471691X

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China's recent evolution is not only a story of extraordinary economic growth but also a story of great institutional change. Fan Zhang challenges traditional theory to explain the real origins of China's reform, the political and economic forces driving it, and the reasoning behind its stagnation. The institutional re-arrangement of government and market has been crucial in this marketization process.Using a wealth of documents and cases, Zhang provides a detailed analysis of China's institutional changes over the past 40 years, focusing on the government-market relationship. A theoretical framework is presented to explain the targets and incentives of government and business firms in a bureaucratic-market system, which promoted economic growth, but also fostered corruption and resulted in a re-centralisation of the system. Using an index of marketization in China since 1978, Zhang shows that overall, market expansion has continued but with diminishing marginal gains. The government control of financial resources that had previously been relaxed in the early years of reform has been enhanced to some extent as a result of the changing institutional environment. Policy makers dealing with China-related policies, researchers and postgraduate students in political science, economics and Chinese studies will find this book a compelling exploration of the current and constant cooperation and conflict between government and market.


China's Second Revolution

China's Second Revolution
Author: Harry Harding
Publisher: Brookings Institution Press
Total Pages: 398
Release: 1987
Genre: China
ISBN: 9780815734611

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"A study produced in cooperation with the Council on Foreign Relations." Includes bibliographical references and index.


How China Became Capitalist

How China Became Capitalist
Author: R. Coase
Publisher: Springer
Total Pages: 268
Release: 2016-04-30
Genre: Business & Economics
ISBN: 1137019379

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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.


The Party Leads All

The Party Leads All
Author: Jacques deLisle
Publisher: Brookings Institution Press
Total Pages: 439
Release: 2022-09-27
Genre: Political Science
ISBN: 0815739524

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Examining the past, current, and potential future roles of the Communist Party in governing China The Chinese Communist Party and its polices touch nearly every aspect of life in China and dominate some. An often-quoted current phrase—one with roots in the era of Mao Zedong—says “the Party leads all.” Under the leadership of Xi Jinping, the Party determines much of what is permitted and prohibited in the country's social, economic, and political activity, as well as China's increasingly consequential foreign relations. Even so, the Communist Party always has faced limits on what it can control, and it may encounter new obstacles ahead. This book addresses important questions about the current and future roles of the party: Has Xi's tenure brought a qualitative increase in the pursuit, or achievement, of party control? How is party rule shaped and exercised by internal party dynamics, the party's control over the state, society, economy, foreign affairs, government institutions and rules, and ideology? How serious are the threats to party strength and success posed by Xi's approach to power, corruption in the party's ranks, a rapidly changing society, a fraught international environment, or a possibly overly ambitious agenda for party control? Leading scholars examine these questions from several disciplinary perspectives, each focusing on a key area of the party and its efforts to lead, control, or influence the world around it. This book offers the most comprehensive and up-to-date assessment of the party's roles in China's economy, government, civil society, legal system, military affairs, and foreign policy. It does so at a critical moment, with the full contours of the Xi Jinping era in China becoming more evident and as the CCP reaches its 100th anniversary and nears three-quarters of a century in power. It will be essential reading for all scholars, students, and policy-makers interested in contemporary China.


Ideology and Organization in Communist China

Ideology and Organization in Communist China
Author: Franz Schurmann
Publisher: Univ of California Press
Total Pages: 604
Release: 1966
Genre: China
ISBN:

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Study of the application of communist political theory in China - covers historical aspects of political problems, the role of USSR, the structure of the communist political party, government policy and public administration, management of public enterprises, economic administration, urbanization, agrarian reform and rural cooperatives, etc. Bibliography pp. 501 to 516 and maps.