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China’s efforts to modernize yielded a kleptocracy characterized by corruption, wealth inequality, and social tensions. Rejecting conventional platitudes about the resilience of Party rule, Minxin Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.
"When Deng Xiaoping launched his economic reforms in the late 1970s, he vowed to build "socialism with Chinese characteristics." Three and half decades later, behind its rapid growth and glitzy façade, modernization under one-party rule has spawned a form of rapacious crony capitalism characterized by endemic corruption, an incipient kleptocracy, record income inequality, and high social tensions. This book traces the origin of China's crony capitalism to a set of incomplete reforms of property rights in the post-Tiananmen era that have decentralized the control of public property without clarifying its ownership. This combination has created an ideal environment for political and economic elites to collude and amass private wealth through systematic theft of nominally state-owned property, in particular land, natural resources, and state-owned enterprises (SOEs). Based on illuminating details from 260 well-researched cases of corruption involved multiple officials and businessmen since the early 1990s, this study investigates how collusion among elites has penetrated the vital sectors of the Chinese political and economic systems. These cases reveal a well-developed illicit market for power inside the Chinese party-state, in which bribes and official appointments are surreptitiously but routinely traded. They also document the widespread theft inside Chinese SOEs and collusion between law enforcement officials and organized crime. Above all, through its in-depth analysis of the exchange of money for favors between government officials and private businessmen, the study shines a spotlight on the dark world of crony capitalism in China - and a Leninist regime in late-stage decay."--
China's Emergent Political Economy by Christopher A. McNally Pdf
This edited volume represents the first collaborative effort to explicitly view China’s rapid international ascent as associated with the same process that catapulted Great Britain, the United States, Germany, and Japan to international prominence – the emergence of a capitalist political economy. Each chapter therefore applies the capitalist lens to analyze aspects of China’s monumental social, economic, and political transition. Topics addressed range from examinations of China’s industrial capitalism and its new multinational corporations to studies of China’s changing polity, state-media relations, and foreign policy. With contributors writing from highly varied backgrounds each chapter approaches the subject from a slightly different perspective, but the underlying findings show considerable common ground. China is developing a unique form of capitalism by combining elements rooted in Chinese history, such as the prevalence of networked forms of capital and the continued dominance of the state, with the growing influence of global capital, including the rapid adaptation of recent organizational and technological innovations. Concluding chapters draw out what capitalism in the dragon’s lair implies for our 21st century world, cautioning that China’s rise is likely to challenge the present world order along both political and economic dimensions.
A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.
This book breaks new ground by systematically examining China's capitalist transformation through several comparative lenses. The great majority of research on China to date has consisted of single-country studies. This is the result of the methodological demands of studying China and a sense of the country's distinctiveness due to its grand size and long history. The moniker Middle Kingdom, a direct translation of the Chinese-language word for China, is one of the most prominent symbols of the country's supposed uniqueness. Composed of contributions from leading specialists on China's political economy, this volume demonstrates the benefits of systematically comparing China with other countries, including France, Russia, Japan, South Korea, Indonesia, India, Brazil, and South Africa. Doing so puts the People's Republic in a light not available through other approaches, and it provides a chance to consider political theories by including an important case too often left out of studies.
Author : David C. Kang Publisher : Cambridge University Press Page : 222 pages File Size : 44,7 Mb Release : 2002-01-24 Category : Business & Economics ISBN : 052100408X
Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--BOOK JACKET.
Crony Capitalism and Economic Growth in Latin America by Stephen Haber Pdf
Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.
Capitalism with Chinese Characteristics by Yasheng Huang Pdf
Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
Chinese Capitalism in a Global Era by Henry Wai-Chung Yeung Pdf
Chinese Capitalism in a Global Era examines the dynamic ways in which millions of ethinic Chinese in East and Southeast Asian economies organize their economic activities. It analyses how Chinese capitalism has changed under conditions of contemporary globalization and anticipates what the future holds for it. The book challenges the conventional notion of Chinese cpitalism as 'crony capitalism', based around kinship networks and untouched by globalization.
Crony Capitalism in the Middle East by Ishac Diwan,Adeel Malik,Izak Atiyas Pdf
The popular uprisings in 2011 that overthrew Arab dictators were also a rebuke to crony capitalism, diverted against both rulers and their allied businessmen who monopolize all economic opportunities. While the Middle East has witnessed a growing nexus between business and politics in the wake of liberalization, little is discussed about the nature of business cronies, the sectors in which they operate, the mechanisms used to favour them, and the possible impact of such crony relations on the region's development. Combining inputs from leading scholars in the field, Crony Capitalism in the Middle East: Business and Politics from Liberalization to the Arab Spring presents a wealth of empirical evidence on the form and function of this aspect of the region. Crony Capitalism in the Middle East is unique in both its empirical focus and comparative scale. Analysis in individual chapters is empirically grounded and based on fine-grained data on the business activities of politically connected actors furnishing, for the first time, information on the presence, numerical strength, and activities of politically connected entrepreneurs. It also substantially enhances our understanding of the mechanisms used to privilege connected businesses, and their possible impact on undermining the growth of firms in the region. It offers a major advance on our prior knowledge of Middle Eastern political economy, and constitutes a distinct contribution to the global literature on crony capitalism and the politics of development. The book will be an essential resource for students, researchers, and policymakers alike.
Populist Authoritarianism focuses on the Chinese Communist Party, which governs the world's largest population in a single-party authoritarian state. Wenfang Tang attempts to explain the seemingly contradictory trends of the increasing number of protests on the one hand, and the results of public opinion surveys that consistently show strong government support on the other hand. The book points to the continuity from the CCP's revolutionary experiences to its current governing style, even though China has changed in many ways on the surface in the post-Mao era. The book proposes a theoretical framework of Populist Authoritarianism with six key elements, including the Mass Line ideology, accumulation of social capital, public political activism and contentious politics, a hyper-responsive government, weak political and civil institutions, and a high level of regime trust. These traits of Populist Authoritarianism are supported by empirical evidence drawn from multiple public opinion surveys conducted from 1987 to 2015. Although the CCP currently enjoys strong public support, such a system is inherently vulnerable due to its institutional deficiency. Public opinion can swing violently due to policy failure and the up and down of a leader or an elite faction. The drastic change of public opinion cannot be filtered through political institutions such as elections and the rule of law, creating system-wide political earthquakes.
In a book sure to provoke debate, Minxin Pei examines the sustainability of the Chinese Communist Party's reform strategy--pursuing pro-market economic policies under one-party rule. Combining powerful insights with empirical research, China's Trapped Transitio offers a provocative assessment of China's future as a great power.
Critiques the idea of a Chinese cultural identity and argues that such identities are instead determined by geopolitical and economic forces. Forget Chineseness provides a critical interpretation of not only discourses of Chinese identityChinesenessbut also of how they have reflected differences between Chinese societies, such as in Hong Kong, Taiwan, Peoples Republic of China, Singapore, and communities overseas. Allen Chun asserts that while identity does have meaning in cultural, representational terms, it is more importantly a product of its embeddedness in specific entanglements of modernity, colonialism, nation-state formation, and globalization. By articulating these processes underlying institutional practices in relation to public mindsets, it is possible to explain various epistemic moments that form the basis for their sociopolitical transformation. From a broader perspective, this should have salient ramifications for prevailing discussions of identity politics. The concept of identity has not only been predicated on flawed notions of ethnicity and culture in the social sciences but it has also been acutely exacerbated by polarizing assumptions that drive our understanding of identity politics.
