| Srl | Item |
| 1 |
ID:
175619
|
|
|
|
|
| Summary/Abstract |
Over the last 40 years, China’s development has been breath-taking. Its poor, centrally planned economy has been transformed into a middle-income capitalist one with a strong resemblance to highly successful East Asian economies like Taiwan and South Korea. It is argued here that China had become a developmental state by the mid-1990s, showing most features of its predecessors. At the same time, differences such as its huge size, socialist past, and structural problems have made it increasingly clear that China’s rapid growth rate is unsustainable. Instead of a strong and confident great power, one can only see a vulnerable giant with an inevitably decelerating economy.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
ID:
158090
|
|
|
|
|
| Summary/Abstract |
This study approaches the Chinese reform process from a political-economic point of view, focusing primarily on institutional changes. Besides revealing the main factors behind the different phases of the reforms, it argues that in the framework of the current authoritarian regime, vested interests work against the continuation of the reforms, making it impossible to fully establish the institutional framework of a market economy. Current rents and privileges also deter the elite from implementing serious political reforms, leading to a trap that prevents the completion of the transition process.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|