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Government & Market in China - A Local Perspective (Hardcover)
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Government & Market in China - A Local Perspective (Hardcover)
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This book examines the key role played by local governments in
China's market-oriented economic reform process since 1978. In
particular, it addresses the much debated questions of why
Communist Party officials at the local level embraced market reform
despite its potentially detrimental effects on their power, and how
the choices they made have shaped institutional changes and the
pattern of development in the economies under their jurisdiction.
In contrast to most recent studies of local governments in China,
which have tended to explain local state activism in terms of the
economic interests of local government officials, this book
highlights the role that political interests have played in shaping
economic behaviour. The contention is that the active involvement
of local governments in the economy has been motivated not only by
a desire to seek economic benefits, but also, and more importantly,
by political considerations. The political perspective emphasised
in this book leads to a reassessment of the nature and effect of
the role of local government in the economic growth and
institutional changes in China's transitional economy. Tracing the
behaviour of local government to its political origin, the book not
only explains more fully the motivational sources of economic
activism at the local level, but also demonstrates the
contradictory ways in which local governments intervene in the
economy, the internal weakness of the local state-led development,
and how problems caused by politically-motivated economic
intervention catalysed the privatisation of the local
government-run economic sector during mid-1990s.
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