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Books > History > History of specific subjects > Economic history
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States, Intergovernmental Relations, and Market Development - Comparing Capitalist Growth in Contemporary China and 19th Century United States (Hardcover, 1st ed. 2019)
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States, Intergovernmental Relations, and Market Development - Comparing Capitalist Growth in Contemporary China and 19th Century United States (Hardcover, 1st ed. 2019)
Series: Governing China in the 21st Century
Expected to ship within 12 - 19 working days
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This book is a theoretical and empirical analysis of institutional
foundation of long-term economic growth from the perspective of
state-market and central-local relations. The book argues that, in
order to safeguard sustainable market development, it is necessary
to centralize certain functions of the state to overcome local
predatory governmental rulings, and to decentralize others to
increase local governmental market incentives, simultaneously. This
institutional approach is conceptualized as "Dual Intergovernmental
Transformation for Market Development" (DITMD). This book develops
the DITMD model through an in-depth empirical comparison on
contemporary China and the 19th-century United States.
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