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Marketization and Democracy in China by Jianjun Zhang Pdf
Since China began an era of market reform three decades ago, many Westerners believed that, political liberalization and, eventually, democracy would follow. However, contrary to Western expectations, China remains an authoritarian country and the communist party is still in power, even though the country has witnessed rapid economic growth and its people have become richer. In Marketization and Democracy in China, Jianjun Zhang questions whether China’s market reforms have created favorable social conditions for democracy, whether the country’s emerging entrepreneurial class will serve as the democratic social base, and the role of government in the process of transition. Based upon a careful analysis of two regions—Sunan and Wenzhou —the two prototypical local development patterns in China, Zhang finds that different patterns of economic development have produced distinct local-level social and political configurations, only one of which is likely to foster the growth of democratic practices. The results suggest that China’s political future is largely dependent upon the emerging class structure and offer a warning on China’s development: if market reforms and economic development only enrich a few, then democratic transition will be unlikely. Marketization and Democracy in China will be of interest to scholars of Chinese politics, political science and development studies.
The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?
Democracy, the Market, and the Firm by Hervé Crès,Mich Tvede Pdf
Why are collective choices so stable and easy to make in practice, when in theory it should be totally otherwise? This question has puzzled social scientists since Condorcet in the eighteenth century. A striking illustration of this puzzle is the almost unanimous support of shareholders in publicly traded companies to the motions tabled by directors. Democracy, the Market, and the Firm investigates the behavioural assumptions leading to an alignment of shareholders, even in a context of severe market failures, and provides an analysis of the philosophical and axiomatic underpinnings of these assumptions. In sum, and figuratively, Crès and Tvede argue that the invisible hand of the market and the active hand of democracy can work hand in hand to give rise to a better world. The first part of the book explores the interplay between the voting and trading mechanisms. Two main arguments are proposed: on the one hand, the better the market works, the easier it is for majority voting to achieve political stability; on the other hand, among all market equilibria, those that are politically stable are more likely to be economically efficient. The second part of the book explores the feedback from collective choices to individual preferences.
This book provides an original analysis of the key processes of commodification of public services, the conversion of public-service workforces into employees motivated to generate profit, and the role of the state in absorbing risk.
The New Challenge to Market Democracies by William A. Galston Pdf
William Galston explores the difficulties market democracies face in an era of diminished growth and a weakened middle class. Galston argues that if the West fails to address economic stagnation, other domestic and foreign policy issues will prove intractable.
The Politics of Market Reform in Fragile Democracies by Kurt Weyland Pdf
This book takes a powerful new approach to a question central to comparative politics and economics: Why do some leaders of fragile democracies attain political success--culminating in reelection victories--when pursuing drastic, painful economic reforms while others see their political careers implode? Kurt Weyland examines, in particular, the surprising willingness of presidents in four Latin American countries to enact daring reforms and the unexpected resultant popular support. He argues that only with the robust cognitive-psychological insights of prospect theory can one fully account for the twists and turns of politics and economic policy in Argentina, Brazil, Peru, and Venezuela during the 1980s and 1990s. Assessing conventional approaches such as rational choice, Weyland concludes that prospect theory is vital to any systematic attempt to understand the politics of market reform. Under this theory, if actors perceive themselves to be in a losing situation they are inclined toward risks; if they see a winning situation around them, they prefer caution. In Latin America, Weyland finds, where the public faced an open crisis it backed draconian reforms. And where such reforms yielded an apparent economic recovery, many citizens and their leaders perceived prospects of gains. Successful leaders thus won reelection and the new market model achieved political sustainability. Weyland concludes this accessible book by considering when his novel approach can be used to study crises generally and how it might be applied to a wider range of cases from Latin America, Africa, and Eastern Europe.
Democracy and Market System by Charles Edward Lindblom Pdf
Representing the whole spectrum of Lindblom's thought from advocate of incrementalism to critic of certain social institutions, this collection of his papers--many previously unpublished--covers such topics as "Democracy and Economic Structure," "The Rediscovery of the Market," "American Politics since 1970," "Bargaining: The Hidden Hand in Government," and "Integration of Economics and the Other Social Sciences through Policy Analysis."
The Failure of the Free Market and Democracy by Daniel Ritter Pdf
In this wide-ranging but accessible overview, economist Daniel Ritter examines the changing circumstances that have led to the economic decline of the West and the rise of populism. He looks at the effects of globalisation and how increasing mechanisation has fuelled discontent, the collapse of existing communities, and a sense of disenfranchisement. The fault, he argues, lies not with advances in technology, or a lack of growth, but in rising inequality and an over-reliance on the free market. Examining the West's situation in a global context, both in relation to the rise of China and the ascendancy of private interest groups, he claims that the free market has failed, and with it representative democracy, arguing that we must 'update our very notions of work and reward' if we are to survive the current crisis. Informed, lucid and strongly argued, Ritter's compelling analysis is a must-read for anyone concerned to discover the origins of our current economic and political malaise, and its possible solutions.
Democracy, Market Economics, and Development by Farrukh Iqbal,Jong-Il You Pdf
'Democracy, Market Economics, and Development' evaluates the extent to which democracy is necessary to the achievement of sustainable development in Asia. A selection of papers by distinguished contributors including Amartya Sen, Joseph Stiglitz, and Francis Fukuyama are included in this volume. This book argues that democracy and markets are complementary and that democracy is intrinsic to development. It contends that liberal and participatory democracy encourages development by providing legitimacy to reform efforts. Movement toward liberal and participatory democracy allows for the convergence of the political and economic institutions of Asia and the West. There is broad agreement that effective and sustainable development is multi-faceted and is not only based on changes in per capita income.
Just what is the market system? This clear and accessible book answers this question, then explains how it works and what it can and cannot do. Lindblom, writing in nontechnical language for a wide general audience, offers an evenhanded view of the market system and its prospects for the future.
Markets and Democracy by Samuel Bowles,Herbert Gintis,Bo Gustafsson Pdf
This book asks whether a modern, efficient economy can be rendered democratically accountable, and, if so, what strategic changes might be required to regulate the market- based interaction of economic agents. The contributors bring contemporary microeconomic theory to bear in an attempt to find a progressive replacement to traditional state socialism. Various approaches to the study of economic interaction are considered in an attempt to understand the relationship between power and efficiency in market economies.
How do markets function? Who creates, shapes and organizes them? And what do they mean for the relationship between labor and capital? Marketization examines how the state and capital use markets to discipline the working class. Ian Greer and Charles Umney provide a comprehensive overview of the European political economy, from the European Commission to the workplace, to show how neoliberal principles translate into market mechanisms and reshape the lives of workers. Drawing on dozens of conversations with policymakers, administrators, businesses, workers, and trade unionists across many European countries, Greer and Umney unpack marketization. They go beyond liberal theories that see markets as natural forms of economic organization and broad-brush left critiques of neoliberalism, looking behind the scenes in the current European political economy to examine the practicalities of how markets are created and manipulated by employers, policymakers and bureaucrats in pursuit of greater profitability. Far from leading to greater freedom, these processes often override the rights of individuals, degrade the status and security of workers, and undermine democratic accountability.
Media, Market, and Democracy in China by Yuezhi Zhao Pdf
Media, Market, and Democracy in China is an astonishingly close look at the intertwining nature of the Communist Party and the news media in China, how they affect each other, and what the future might hold for each. How do market forces influence the media in China? How does the Party both introduce and try to contain the market's influence? How do commercial imperatives both accommodate and challenge Party control? To answer these and other questions, Yuezhi Zhao interviewed a wide range of scholars, media administrators, and media professionals. During five months in China in 1994 and 1995, she monitored media content, carried out extensive documentary research in Beijing, and held off-the-record meetings with Chinese media insiders. The first study of its kind to trace the Chinese print and broadcast media from the 1920s to 1996, this work will be must reading for students of journalism, mass communications, political science, and China studies, as well as for media and business professionals and policy makers who need to understand what's happening to China and its mass media.
Citizens are caught in a paradox. Voting levels are falling and there are growing feelings of powerlessness and social unfairness, yet citizens are constantly told that they have more choice as well as greater freedom and liberty. This book brilliantly explains these discrepancies. It shows that the new definitions of freedom as responsibility to create prosperity through markets is seriously changing citizenship whilst appearing to be unbiased and non-interventionist. It exposes inconsistencies in the market-based and apolitical vision of our collective future. Key features of the book are: Its theoretical focus: outlining how market citizenship involves a new kind of rationality in which citizens are defined as individualized utility maximizers. It has a wealth of examples showing how the idea that citizens act primarily to develop their narrow self-interest has encouraged the creation of competitive governance mechanisms. A clear-sighted analysis of how market mechanisms are used to decide who are 'winners' and 'losers' - from the loss of youth groups funding to global treaties. It highlights the shortfalls when key contemporary issues - such as climate change - being tackled through 'win-win' solutions with business working alongside consumers, with little or no role for government. It analyses how localism and the devolution of power is being used to support the status quo. It provides evidence of new kinds of engagement that are emerging because markets have undermined politics. Market Citizenship will be essential reading for students, policy-makers and researchers of citizenship within sociology, politics, economics, geography and social policy. It will also be useful for those teaching citizenship in schools and colleges. Book jacket.