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Books > Business & Economics > Economics > Political economy
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Revolutionary Legacy, Power Structure, and Grassroots Capitalism under the Red Flag in China (Paperback)
Loot Price: R1,119
Discovery Miles 11 190
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Revolutionary Legacy, Power Structure, and Grassroots Capitalism under the Red Flag in China (Paperback)
Expected to ship within 12 - 17 working days
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Why do political elites in authoritarian regimes, even within the
same country, engage in different levels of predatory behavior,
whereby some foster vibrant capitalism and others suffocate the
innovative private sector? This book proposes a theory of localized
property-rights protection under authoritarianism. By combining
in-depth fieldwork with archival research and quantitative data
analysis, Qi Zhang and Mingxing Liu discuss the post-1949 conflicts
between dominant and marginalized factions in the Chinese province
of Zhejiang. These conflicts resulted in systemic vulnerabilities
among the marginalized local cadres, thus motivating them to form
alliances with their grassroots constituents. They therefore
provided their constituents with quasi-public goods, such as
property-rights protection, to increase their odds of political
survival. Zhang and Liu argue that this framework can apply both to
the Mao era and to the current reform era, and it also can be
extended beyond China to a wider context.
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