The Institutional Evolution Of China

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The Institutional Evolution of China

Fan Zhang
The Institutional Evolution of China Book PDF

Author : Fan Zhang
Publisher : Edward Elgar Publishing
Page : 320 pages
File Size : 53,7 Mb
Release : 2018-09-28
Category : BUSINESS & ECONOMICS
ISBN : 9781784716912

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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.

The Rise of the People’s Bank of China

Stephen Bell,Hui Feng
The Rise of the People s Bank of China Book PDF

Author : Stephen Bell,Hui Feng
Publisher : Harvard University Press
Page : 360 pages
File Size : 45,6 Mb
Release : 2013-06-10
Category : Business & Economics
ISBN : 9780674073616

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The Rise of the People’s Bank of China by Stephen Bell,Hui Feng Pdf

With $4.5 trillion in total assets, the People’s Bank of China now surpasses the U.S. Federal Reserve as the world’s biggest central bank. The Rise of the People’s Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. Stephen Bell and Hui Feng trace the bank’s ascent to Beijing’s policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC—benefitting from political patronage and perceptions of its unique professional competency—found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China’s exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People’s Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.

Making China Modern

Klaus Mühlhahn
Making China Modern Book PDF

Author : Klaus Mühlhahn
Publisher : Belknap Press
Page : 737 pages
File Size : 43,8 Mb
Release : 2019-01-14
Category : History
ISBN : 9780674737358

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Making China Modern by Klaus Mühlhahn Pdf

Klaus Mühlhahn situates modern China in the nation's long, dynamic tradition of overcoming adversity and weakness through creative adaptation--a legacy of crisis and recovery that is apparent today in China's triumphs but also in its most worrisome trends. Mühlhahn's panoramic survey rewrites the history of modern China for a new generation.

Culture, Institution, and Development in China

C. Simon Fan
Culture Institution and Development in China Book PDF

Author : C. Simon Fan
Publisher : Routledge
Page : 288 pages
File Size : 50,8 Mb
Release : 2016-03-10
Category : Business & Economics
ISBN : 9781317241836

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Culture, Institution, and Development in China by C. Simon Fan Pdf

How does culture shape history, and history shape culture? This book answers this question by bringing readers on a fascinating journey through the evolution of Chinese culture, political and legal institutions, and "national character" of historical and contemporary China. It illustrates how "national character" evolves endogenously along with an institutional environment through the use of economic theories. Recognizing the unique role of "personality" in violence and social order – important variables that contribute to successful economies, the book provides a meaningful take on "personality" from the "average personality" of a country’s people. It analyses the relationship between culture, institution and "national character", providing gainful, interesting insights into the monumental transformation of China.

Institutions and Chinese Economic Development

Li Tan
Institutions and Chinese Economic Development Book PDF

Author : Li Tan
Publisher : Routledge Explorations in Economic History
Page : 0 pages
File Size : 41,7 Mb
Release : 2023-05-31
Category : China
ISBN : 1032063912

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Institutions and Chinese Economic Development by Li Tan Pdf

China's rise as an economic power has posed some challenging questions: how did China achieve GDP growth that was even faster than the Four Asian Tigers? Is the "Chinese model" superior? Why hasn't the rapid economic growth lead to democracy in the country as many observers expected? And can China sustain its rapid economic growth with its existing social system? Institutions and Chinese Economic Development: A Comparative Historical Approach explores these questions by studying the historical relationship between institutions and economic development in China, drawing comparisons with England, Japan and other Asian economies as appropriate. The investigation focuses on several junctures in China's economic development: the starting point of the divergence between China and the West; the externally-provoked industrial development in the late 19th century; and the contemporary Chinese Miracle. The analysis foregrounds the role played by Chinese institutions and examines their effects on both the country's failure to industrialize in the past and its economic achievements in recent time. The book also asks whether, without reform to the existing state institutions, China might still be subject to the historical dynastic cycles today, despite its recent economic success. This work is of great interest to students and scholars of the Chinese economy, economic history and institutional economics, as well as comparative history and Chinese studies more broadly.

The Institutional Dynamics of China's Great Transformation

Xiaoming Huang
The Institutional Dynamics of China s Great Transformation Book PDF

Author : Xiaoming Huang
Publisher : Routledge
Page : 272 pages
File Size : 49,6 Mb
Release : 2010-11-30
Category : Business & Economics
ISBN : 9781136866531

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The Institutional Dynamics of China's Great Transformation by Xiaoming Huang Pdf

This book examines the role of institutions in China’s recent large-scale economic, social and political transformation. The book argues that, although the importance of institutions in China’s rapid economic growth and social development over the past 30 years is widely acknowledged, exactly how institutions affect changes in particular national and historical settings is less well understood. Unlike existing literature, it offers perspectives from a variety of disciplines - including law, economics, politics, international relations and communication studies – to consider whether institutions form, evolve and change differently according to their historical or cultural environments and if their utilitarian functions can, and should be, observed, identified and measured in different ways. The book discusses China’s political and legal institutions; the international institutions with which China engages; institutions promoting science and technology; media companies; and local institutions including the household registration system. It also examines how institutions themselves have been formed, changed and re-formed over recent decades, and suggests theoretical and methodological adjustments in institutional analysis to allow a fuller understanding of the institutional dynamics of China’s transformation.

Capitalism from Below

Victor Nee,Sonja Opper
Capitalism from Below Book PDF

Author : Victor Nee,Sonja Opper
Publisher : Harvard University Press
Page : 450 pages
File Size : 44,5 Mb
Release : 2012-06-19
Category : Business & Economics
ISBN : 9780674065390

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Capitalism from Below by Victor Nee,Sonja Opper Pdf

Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.

State Capitalism, Institutional Adaptation, and the Chinese Miracle

Barry Naughton,Kellee S. Tsai
State Capitalism Institutional Adaptation and the Chinese Miracle Book PDF

Author : Barry Naughton,Kellee S. Tsai
Publisher : Cambridge University Press
Page : 297 pages
File Size : 44,8 Mb
Release : 2015-06-09
Category : Business & Economics
ISBN : 9781107081062

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State Capitalism, Institutional Adaptation, and the Chinese Miracle by Barry Naughton,Kellee S. Tsai Pdf

This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'.

Red China's Green Revolution

Joshua Eisenman
Red China s Green Revolution Book PDF

Author : Joshua Eisenman
Publisher : Columbia University Press
Page : 427 pages
File Size : 53,5 Mb
Release : 2018-04-24
Category : Social Science
ISBN : 9780231546751

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Red China's Green Revolution by Joshua Eisenman Pdf

China’s dismantling of the Mao-era rural commune system and return to individual household farming under Deng Xiaoping has been seen as a successful turn away from a misguided social experiment and a rejection of the disastrous policies that produced widespread famine. In this revisionist study, Joshua Eisenman marshals previously inaccessible data to overturn this narrative, showing that the commune modernized agriculture, increased productivity, and spurred an agricultural green revolution that laid the foundation for China’s future rapid growth. Red China’s Green Revolution tells the story of the commune’s origins, evolution, and downfall, demonstrating its role in China’s economic ascendance. After 1970, the commune emerged as a hybrid institution, including both collective and private elements, with a high degree of local control over economic decision but almost no say over political ones. It had an integrated agricultural research and extension system that promoted agricultural modernization and collectively owned local enterprises and small factories that spread rural industrialization. The commune transmitted Mao’s collectivist ideology and enforced collective isolation so it could overwork and underpay its households. Eisenman argues that the commune was eliminated not because it was unproductive, but because it was politically undesirable: it was the post-Mao leadership led by Deng Xiaoping—not rural residents—who chose to abandon the commune in order to consolidate their control over China. Based on detailed and systematic national, provincial, and county-level data, as well as interviews with agricultural experts and former commune members, Red China’s Green Revolution is a comprehensive historical and social scientific analysis that fundamentally challenges our understanding of recent Chinese economic history.

The Making of the State Enterprise System in Modern China

Morris L. BIAN
The Making of the State Enterprise System in Modern China Book PDF

Author : Morris L. BIAN
Publisher : Harvard University Press
Page : 346 pages
File Size : 55,8 Mb
Release : 2009-06-30
Category : History
ISBN : 9780674020931

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The Making of the State Enterprise System in Modern China by Morris L. BIAN Pdf

When, how, and why did the state enterprise system of modern China take shape? The conventional argument is that China borrowed its economic system and development strategy wholesale from the Soviet Union in the 1950s. In an important new interpretation, Bian shows instead that the basic institutional arrangement of state-owned enterprise--bureaucratic governance, management and incentive mechanisms, and the provision of social services and welfare--developed in China during the war years 1937-1945.

Institutional Change And Adaptive Efficiency: A Study Of China's Hukou System Evolution

Tony J Saich,Kunling Zhang
Institutional Change And Adaptive Efficiency A Study Of China s Hukou System Evolution Book PDF

Author : Tony J Saich,Kunling Zhang
Publisher : World Scientific
Page : 238 pages
File Size : 40,9 Mb
Release : 2023-11-06
Category : Political Science
ISBN : 9789811278488

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Institutional Change And Adaptive Efficiency: A Study Of China's Hukou System Evolution by Tony J Saich,Kunling Zhang Pdf

Since the 1990s, neo-institutionalists have posited that 'institutions matter'. However, they overlook one important issue: the ways institutions change also matters. Numerous academic studies have identified 'good' and 'bad' institutions, but little has been written about effective methods of transforming 'bad' institutions so that they enhance economic performance. To fill this gap, this book reframes the approach of neo-institutional economics to analyze institutions' role and evolution, focusing on the interaction between the household registration (hukou) system evolution and economic transformation.The authors apply an endogenous and dynamic perspective. First, the theory of endogenous institutional change illustrates how the drivers of hukou system evolution differ in the pre-reform and reform eras. Second, the theory of adaptive efficiency evaluates the evolution of the system's institutional efficiency. Finally, the authors were able to test the impact of the hukou reform on urban economic growth by examining local experimentation, helping explain the current 'stickiness' of the system.At the heart of hukou reform lies the question of how to deal with the link between hukou and welfare provision. This book will offer policymakers a better understanding of institutional change in dynamic economic contexts, helping them enhance economic performance.

Institutional Change And China Capitalism: Frontier Of Cliometrics And Its Application To China

Antoine Le Riche,Antoine Parent,Lei Zhang
Institutional Change And China Capitalism Frontier Of Cliometrics And Its Application To China Book PDF

Author : Antoine Le Riche,Antoine Parent,Lei Zhang
Publisher : World Scientific
Page : 384 pages
File Size : 46,7 Mb
Release : 2022-03-11
Category : Business & Economics
ISBN : 9781800611245

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Institutional Change And China Capitalism: Frontier Of Cliometrics And Its Application To China by Antoine Le Riche,Antoine Parent,Lei Zhang Pdf

This edited volume is based on original essays first presented at seminars in complexity economics, Sichuan University, China, in November 2018 and May 2019, and at the 12th International Conference on the Chinese Economy, University of Clermont-Ferrand, France, in October 2019. It also includes three contributions written especially for this volume. This research benefited from three French grants 'Hubert Curien Research Fellowship' (Program Campus France 2019, 2020, 2021). All chapters assess the recent take-off of the Chinese economy from a historical perspective, enlarging the economic evidence that China's capitalism is a matter of institutional revolution.Institutional Change and China Capitalism aims to provide a radically new view of the rise of Chinese capitalism by drawing on recent developments in cliometrics and complexity economics, macroeconomic dynamics, network analysis and behavioral finance to illustrate the various facets of China's transition to capitalism. The chapters within innovate the study of China's take-off using the frontier of research in institutional cliometrics and complexity economics. Thus, the book is structured in three sections that seek to address — empirically, theoretically, and in terms of network structure, the profound institutional change that led China to progressively adopt capitalism.Together these papers attest to the vitality of current research in cliometrics and complexity economics.

The Dual Developmental State

Ming Xia
The Dual Developmental State Book PDF

Author : Ming Xia
Publisher : Routledge
Page : 256 pages
File Size : 52,9 Mb
Release : 2017-12-01
Category : Social Science
ISBN : 9781351781268

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The Dual Developmental State by Ming Xia Pdf

This title was first published in 2000: The developmental state model, which originated in Japan, has ascended to the status of the leading paradigm for the East Asian political economy. This text explores the proposition of many specialists, that China has emulated the model and become part of the flying geese pattern of development.

The Logic of Governance in China

Xueguang Zhou
The Logic of Governance in China Book PDF

Author : Xueguang Zhou
Publisher : Cambridge University Press
Page : 605 pages
File Size : 52,6 Mb
Release : 2022-10-20
Category : Social Science
ISBN : 9781009179744

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The Logic of Governance in China by Xueguang Zhou Pdf

Drawing on more than a decade of fieldwork, The Logic of Governance in China develops a unified theoretical framework to explain how China's centralized political system maintains governance and how this process produces recognizable policy cycles that are obstacles to bureaucratic rationalization, professionalism, and rule of law. The book is unique for the overarching framework it develops; one that sheds light on the interconnectedness among apparently disparate phenomena such as the mobilizational state, bureaucratic muddling through, collusive behaviors, variable coupling between policymaking and implementation, inverted soft budget constraints, and collective action based on unorganized interests. An exemplary combination of theory-motivated fieldwork and empirically-informed theory development, this book offers an in-depth analysis of the institutions and mechanisms in the governance of China.

China's Remarkable Economic Growth

John Knight,Sai Ding
China s Remarkable Economic Growth Book PDF

Author : John Knight,Sai Ding
Publisher : OUP Oxford
Page : 368 pages
File Size : 47,5 Mb
Release : 2012-04-12
Category : Political Science
ISBN : 9780191641022

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China's Remarkable Economic Growth by John Knight,Sai Ding Pdf

How has the Chinese economy managed to grow at such a remarkable rate - no less than ten per cent per annum - for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a 'developmental state', and how it has maintained itself as a 'developmental state'. The book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying, determinants of the growth rate. It explores important consequences of China's growth, posing a series of key questions, such as: is the economy running out of unskilled labour; why and how has inequality risen; has economic growth raised happiness; what are the social costs of the overriding priority accorded to growth objectives; can China continue to grow rapidly, or will the maturing economy, or the macroeconomic imbalances, or financial crisis, or social instability, bring it to an end? Based mainly on original research, this book will be of interest to growth economists, development economists, transition economists, China specialists, policy-makers, and indeed all those who are intrigued by the Chinese growth phenomenon.