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1 |
ID:
116106
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Publication |
2013.
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Summary/Abstract |
In 2011, standing in front of the Royal Society (the British academy of sciences), Chinese Premier Wen Jiabao declared, "Tomorrow's China will be a country that fully achieves democracy, the rule of law, fairness, and justice. Without freedom, there is no real democracy. Without guarantee of economic and political rights, there is no real freedom." Eric Li's article in these pages, "The Life of the Party," pays no such lip service to democracy. Instead, Li, a Shanghai-based venture capitalist, declares that the debate over Chinese democratization is dead: the Chinese Communist Party (CCP) will not only stay in power; its success in the coming years will "consolidate the one-party model and, in the process, challenge the West's conventional wisdom about political development." Li might have called the race too soon.
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2 |
ID:
103693
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3 |
ID:
147620
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Summary/Abstract |
This paper provides insights on the sustainability of economic development from a historical and political economy perspective. We demonstrate that China's rural financial policy in the 1980s was quite liberal in employing market mechanisms, supporting entrepreneurship, and encouraging competition. These policies were abandoned in the early 1990s and replaced by ubiquitous government interferences that shifted resource and policy priorities to benefit political incumbents. A large panel of survey data confirms that rural household access to finance decreased dramatically in the 1990s and that the statistical significance of economic entrepreneurial factors in determining credit allocation also fell. Further empirical analyses show that market economic conditions are not sufficient to explain these changes and the evidence is consistent with a political entrenchment motive during the political regime after the turmoil in the year 1989. Given the connection between entrenchment and underdevelopment, our findings raise the concern that China's political institutions' insufficient limits on the government could be a challenge for China to sustain its economic success.
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4 |
ID:
046355
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Publication |
Cambridge, Cambridege University Press, 2003.
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Description |
xvii, 383p.
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Standard Number |
0521814286
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Copies: C:1/I:0,R:0,Q:0
Circulation
Accession# | Call# | Current Location | Status | Policy | Location |
046431 | 332.673140951/HUA 046431 | Main | On Shelf | General | |
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