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ID:
130586
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Publication |
2014.
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Summary/Abstract |
The prevailing discourse on the Chinese state and its state enterprises is dominated by the application of Western political and economic concepts to China. These concepts ignore China's cultural and political history in which the state plays a major role and is embedded in Chinese society, as well as the role of numerous reform experiments during China's economic transition from a command to a socialist market economy. As a result, most assessments of Chinese state enterprises are unbalanced. The preoccupation with a state-private dichotomy has also led to the failure of recognising the emergence of a distinct corporate entity
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2 |
ID:
114895
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3 |
ID:
166098
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Summary/Abstract |
Since 2018, a political campaign to integrate leadership by the Communist Party as the core force in corporate governance in China has reversed the course of market reform in the past 40 years, which was predicated on separation of the Party’s political functions from company business operations. This article critically reviews the trend of developments from a historical perspective and analyses the impact of the political campaign on China’s socialist market economy and rule of law conditions. Some institutional implications are also examined in the comparative context with reference to the OECD Corporate Principles. The major argument of this article is that enhancing the Party’s leadership in companies will negatively affect development of the market economy and rule of law as well as China’s attempt to create an innovative society for its economic upgrading.
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4 |
ID:
173795
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Summary/Abstract |
In this study, I analyse the historical origins of China’s distinctive tiered economy by employing the analytic framework of a complex adaptive system to examine how the process of change involves selection, interaction among elements, and variation in types, which ultimately lead to adaptation. I argue that the rise of China’s tiered economy can be traced back to the Mao era and that it was enhanced throughout Deng’s economic reforms. To elaborate on this argument, I first describe how Mao’s invisible hand planted the seeds of the tiered economy. Selection at the strategy level and the resulting variation are examined as Mao’s adaptive tactics for nurturing the industrial sector. This mechanism of selection was also maintained to partially embrace market forces in Deng’s early era of reform. I then closely examine how Deng’s vision of the socialist market economy provided the party-state with raw materials for adaptation, deepening its tiered economy.
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