Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 54,9 Mb
Release : 2004
Category : China
ISBN : OCLC:1344484420
Government And Market In China
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State, Market, and Bureau-contracting in Reform China
Author : Yuen Yuen Ang
Publisher : Stanford University
Page : 177 pages
File Size : 49,6 Mb
Release : 2009
Category : Electronic
ISBN : STANFORD:hr313dw9240
State, Market, and Bureau-contracting in Reform China by Yuen Yuen Ang Pdf
Why and how has China succeeded as a developmental state despite a seemingly rents-ridden bureaucracy? Following conventional wisdom, "Weberian" bureaucracies are an institutional precondition for development, especially in interventionist states like China. However, my research finds that China's fast-growing economy has not been governed by a purely salaried civil service. Instead, Chinese bureaucracies still remain partially prebendal; at every level of government, each office systematically appropriates authority to generate income for itself. My study unravels the paradox of "developmentalism without Weberianness" by illuminating China's unique path of bureaucratic adaptation in the reform era -- labeled as bureau-contracting -- where contracting takes place within the state bureaucracy. In a bureau-contracting structure, the state at each level contracts the tasks of governance to its own bureaucracies, assigning them revenue-making privileges and property rights over income earned in exchange for services rendered. Contrasting previous emphases on the prevalence of illicit corruption in China, my study shows how and why bureaucracies in this context are actually authorized by the state to profit from public office. Specifically, I identify two factors that constrain arbitrary and excessively predatory behavior among Chinese bureaucracies: first, mechanisms of rents management, and second, the mediation of narrow departmental interests by local developmental incentives. In short, I argue that it is the combination of an incentive-compatible fiscal design and increasingly sophisticated instruments of oversight that have sustained an otherwise unorthodox structure of governance in China. In a phrase, bureau-contracting presents a high-powered but opportunistic alternative to the Weberian ideal-type. The Chinese experience suggests that "market-compatible" bureaucratic institutions need not necessarily conform to -- and may even diverge significantly -- from standard Western models, at least at early stages of development. My research draws on interviews with 165 cadres across different regions and governmental sectors, as well as statistical analysis of previously unavailable budget data.
Law and the Market Economy in China
Author : Perry Keller
Publisher : Routledge
Page : 541 pages
File Size : 44,8 Mb
Release : 2017-07-05
Category : History
ISBN : 9781351560689
Law and the Market Economy in China by Perry Keller Pdf
This volume concerns several aspects of China's changing market based economy. These include commercial contract enforcement, corporate structures, competition law and other issues related to China's membership in the WTO. In the past two decades, the rapid integration of China's economy into the global marketplace has created obligations and expectations of non-discrimination and regulatory transparency in domestic markets. The Chinese government has responded by demanding better governance within major companies, market sectors and public administration generally. However, as the articles in this volume show, it has struggled to find a corporate structure capable of absorbing external equity investment and participation but still amenable to direct and indirect state guidance. It has also moved cautiously in creating legal controls over unfair competition. Moreover, the protection of state owned enterprises, which serve as vehicles for domestic economic, social and political policy, has been a recurring issue in China's WTO trade disputes.
Government and Market in China
Author : Jian Zhang
Publisher : Nova Biomedical Books
Page : 212 pages
File Size : 46,8 Mb
Release : 2004
Category : Business & Economics
ISBN : STANFORD:36105114351765
Government and Market in China by Jian Zhang Pdf
This book examines the key role played by local governments in China's market-oriented economic reform process since 1978. In particular, it addresses the much debated questions of why Communist Party officials at the local level embraced market reform despite its potentially detrimental effects on their power, and how the choices they made have shaped institutional changes and the pattern of development in the economies under their jurisdiction. In contrast to most recent studies of local governments in China, which have tended to explain local state activism in terms of the economic interests of local government officials, this book highlights the role that political interests have played in shaping economic behaviour. The contention is that the active involvement of local governments in the economy has been motivated not only by a desire to seek economic benefits, but also, and more importantly, by political considerations. The political perspective emphasised in this book leads to a reassessment of the nature and effect of the role of local government in the economic growth and institutional changes in China's transitional economy. Tracing the behaviour of local government to its political origin, the book not only explains more fully the motivational sources of economic activism at the local level, but also demonstrates the contradictory ways in which local governments intervene in the economy, the internal weakness of the local state-led development, and how problems caused by politically-motivated economic intervention catalysed the privatisation of the local government-run economic sector during mid-1990s.
The Future of China's Bond Market
Author : Mr. Alfred Schipke,Mr. Markus Rodlauer,Ms. Longmei Zhang
Publisher : International Monetary Fund
Page : 52 pages
File Size : 52,7 Mb
Release : 2019-03-13
Category : Business & Economics
ISBN : 9781513582788
The Future of China's Bond Market by Mr. Alfred Schipke,Mr. Markus Rodlauer,Ms. Longmei Zhang Pdf
China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.
The Institutional Evolution of China
Author : Fan Zhang
Publisher : Edward Elgar Publishing
Page : 320 pages
File Size : 44,5 Mb
Release : 2018-09-28
Category : BUSINESS & ECONOMICS
ISBN : 9781784716912
The Institutional Evolution of China by Fan Zhang Pdf
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.
Varieties of State Regulation
Author : Yukyung Yeo
Publisher : BRILL
Page : 218 pages
File Size : 47,6 Mb
Release : 2022-03-07
Category : Political Science
ISBN : 9781684176243
Varieties of State Regulation by Yukyung Yeo Pdf
In Varieties of State Regulation, Yukyung Yeo explores how, despite China’s increasing integration into the global market, the Chinese central party-state continues to oversee the most strategic sectors of its economy. Since the 1990s, as major state firms were spun off from the ministries that managed them under the central planning system, the nature of the state in governing the economy has been remarkably transformed into that of a regulator. Based on over a hundred interviews conducted with Chinese central and local officials, firms, scholars, journalists, and consultants, the book demonstrates that the form of central state control varies considerably across leading industrial sectors, depending on the dominant mode of state ownership, conception of control, and governing structure. By analyzing and comparing institutional dynamics across various sectors, Yeo explains variations in the pattern of China’s regulation of its economy. She contrasts the regulation of the automobile industry, a relatively decentralized sector, with the highly-centralized telecommunications industry, and demonstrates how China’s central party-state maintains regulatory authority over key local state-owned enterprises. Placing these findings in historical and comparative contexts, the book presents the evolution and current practice of state regulation in China and examines its compatibility with other contemporary government practices.
How China Became Capitalist
Author : R. Coase,N. Wang
Publisher : Springer
Page : 256 pages
File Size : 52,8 Mb
Release : 2016-04-30
Category : Business & Economics
ISBN : 9781137019370
How China Became Capitalist by R. Coase,N. Wang Pdf
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.
New Economic Engine: Effective Government and Efficient Market
Author : Yunxian Chen
Publisher : Springer Nature
Page : 126 pages
File Size : 50,9 Mb
Release : 2020-04-01
Category : Business & Economics
ISBN : 9789811529221
New Economic Engine: Effective Government and Efficient Market by Yunxian Chen Pdf
This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.
Subsidies to Chinese Industry
Author : Usha C.V. Haley,George T. Haley
Publisher : Oxford University Press
Page : 272 pages
File Size : 54,9 Mb
Release : 2013-03-27
Category : Business & Economics
ISBN : 9780199339785
Subsidies to Chinese Industry by Usha C.V. Haley,George T. Haley Pdf
How did China move so swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? This book argues that subsidies contributed significantly to China's success. Industrial subsidies in key Chinese manufacturing industries may exceed thirty percent of industrial output. Economic theories have mostly portrayed subsidies as distortive, inefficiently reallocating resources according to non-market criteria. However, China's state-capitalist regime uses subsidies to promote the governments' and the Communist Party of China's interests. Rather than aberrations, subsidies help Chinese businesses and governments produce, stabilize and create common understandings of markets; the flows of capital reflect struggles between critical Chinese actors including central and provincial governments. Concepts of state capitalism including market-transition theory, the multi-organizational Chinese state, and state as paramount shareholder, create complex and relevant understandings of Chinese subsidies. The authors develop independent measures of industrial subsidies using publicly-reported data at firm and industry levels from governmental and private sources. Subsidies include free to low-cost loans, subsidies to energy (coal, electricity, natural gas, heavy oil) and to key inputs, land and technology. Four sequential studies identify the growth of subsidies to Chinese manufacturing over time and effects on world industry: steel (2000-2007), glass (2004-2008), paper (2002-2009) and auto parts (2001-2011). Subsidies to Chinese industry affect and are affected by business strategy and trade policy. Business strategies include lobbying for subsidies and for protection from subsidized foreign competitors and managing supply chains to guard against whiplash effects of uncoordinated subsidies. The subsidized solar industry highlights how global business strategies and decisions on production location and technology development respond to production or consumption subsidies and include market (competitive) and non-market (political) strategies. The book also covers government policies and regulation on subsidies broadly focusing on domestic consumption (antidumping and countervailing duties) and domestic production (indigenous innovation).
China's Transitions to Markets: Market Preserving Federalism, Chinese Style
Author : Anonim
Publisher : Hoover Press
Page : 52 pages
File Size : 55,5 Mb
Release : 2024-06-29
Category : Balance of trade
ISBN : 0817956034
China's Transitions to Markets: Market Preserving Federalism, Chinese Style by Anonim Pdf
Business, Government and Economic Institutions in China
Author : Xiaoke Zhang,Tianbiao Zhu
Publisher : Springer
Page : 359 pages
File Size : 55,9 Mb
Release : 2017-12-14
Category : Political Science
ISBN : 9783319644868
Business, Government and Economic Institutions in China by Xiaoke Zhang,Tianbiao Zhu Pdf
This book brings together conceptual and empirical analyses of the causes and consequences of changing business–government relations in China since the 1990s, against the backdrop of the country’s increased integration with the global political economy. More specifically, it provides an interdisciplinary account of how the dominant patterns of interactions between state actors, firms and business organizations have changed across regions and industries, and how the changing varieties of these patterns have interacted with the evolution of key market institutions in China. The contributors to this edited volume posit that business–government relations comprise a key linchpin that defines the Chinese political economy and calibrates the character of its constitutive institutional arrangements.
Modernization of Government Governance in China
Author : Ronghua Shen,Sheng Cao
Publisher : Springer Nature
Page : 301 pages
File Size : 48,8 Mb
Release : 2020-03-03
Category : Political Science
ISBN : 9789813294912
Modernization of Government Governance in China by Ronghua Shen,Sheng Cao Pdf
This book provides an all-round analysis and exploration of the course, status quo and future of the Chinese Government's governance reform under the framework of government governance modernization. The authors bring their decades of experience in crafting policy in China to explain the relationship between China's government and market, between government and society, between the central government and local governments, functional transformation, organizational structure optimization, reform of public institutions, allocation of fiscally supported personnel, the building of a law-based government and other major issues, while also laying out a case for structural changes in the years to come.
Environmental Governance in China
Author : Jesse Turiel,Iza Ding,John Chung-En Liu
Publisher : BRILL
Page : 75 pages
File Size : 42,5 Mb
Release : 2020-01-20
Category : Science
ISBN : 9789004359925
Environmental Governance in China by Jesse Turiel,Iza Ding,John Chung-En Liu Pdf
This article provides an analytical overview of major works on the topic of environmental governance in China, with a particular emphasis on studies examining policies during the reform era (post-1978).
Marketization and Democracy in China
Author : Jianjun Zhang
Publisher : Routledge
Page : 292 pages
File Size : 46,7 Mb
Release : 2008-02-25
Category : Business & Economics
ISBN : 9781134055692
Marketization and Democracy in China by Jianjun Zhang Pdf
This book questions whether China’s market reforms have created favorable social conditions for democracy, whether the emerging entrepreneurial class will serve as the democratic social base, and the role of government in the process of transition.