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China's State-Directed Economy and the International Order (Hardcover, 1st ed. 2019)
Loot Price: R3,615
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China's State-Directed Economy and the International Order (Hardcover, 1st ed. 2019)
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This book explores the legal implications of China's state-directed
economic model for the existing international economic order. It
first reveals the close links between the market and the state in
contemporary China by profiling an emerging triple role of the
state in the economy. It then explores how the domestic legal
system underpins the distinctive market-state relationship, before
analysing whether essential norms of international economic law,
which bracket the international economic order, are able to adapt
to China's innovative market-state relationship. The book argues
that the international economic order is inherently limited since
it tends to adhere to an orthodox dichotomy, with a clear boundary
between the market and the state. It also suggests that China's new
state-market relationship has challenged the dichotomy - the state
does not intend to eliminate the functioning of the market but,
conversely, utilises a market mechanism and makes itself more
integrated into the market. Lastly the book proposes a fresh
perspective to comprehend the 'market-state' question, which does
not to take for granted that all market-state relationships are
mutually exclusive.
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