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State-Led Privatization in China - The Politics of Economic Reform (Hardcover)
Loot Price: R4,734
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State-Led Privatization in China - The Politics of Economic Reform (Hardcover)
Series: Routledge Contemporary China Series
Expected to ship within 12 - 17 working days
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Large-scale privatization did not emerge spontaneously in China in
the late 1990s. Rather, the Chinese state led and carefully
"planned" ownership transformation with timetables and measurable
privatization quotas, not for the purpose of extracting the state
from the economy, but in order to strengthen the rule of the Party.
While it is widely believed that authoritarian regimes are better
suited than democracies to carry out economic reform, this book
provides a more nuanced understanding of reform in China,
demonstrating that the Chinese state's capacity to impose unpopular
reform is contingent on its control over local state agents and its
adaptability to societal demands. Building on rich fieldwork data
gathered in three Chinese cities (Shenyang, Shanghai, and Xiamen),
this book offers the first comparative study of China's
privatization processes at the local level. Instead of focusing
solely on political elites, Jin Zeng adopts a multi-level
interaction approach to examine how the complex interplay of the
central leadership, grassroots officials, and state-owned
enterprise managers and workers shaped the contour of privatization
in China.The book advances three central arguments. First, local
economic structure and cadre evaluation system mediated local
officials' incentives to initiate privatization. Second, local
officials relied on mobilization campaigns and various appeasement
measures to implement privatization. Finally, the dynamics of
privatization were fundamentally driven by the central government's
reactions to social opposition and by the subsequent responses of
local officials to the changed political-regulatory environment. As
a detailed analysis of the dual transformation of the property
regime and state-society relations in China, this book will be
invaluable to students and scholars of Chinese politics, economic
reform, as well as those interested in comparative political
economy and economic development more broadly.
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