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Dancing with the Devil - The Political Economy of Privatization in China (Hardcover) Loot Price: R3,555
Discovery Miles 35 550
Dancing with the Devil - The Political Economy of Privatization in China (Hardcover): Yi-Min Lin

Dancing with the Devil - The Political Economy of Privatization in China (Hardcover)

Yi-Min Lin

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Loot Price R3,555 Discovery Miles 35 550 | Repayment Terms: R333 pm x 12*

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From 1978 through the turn of the century, China was transformed from a state-owned economy into a predominantly private economy. This fundamental change took place under the Chinese Communist Party (CCP), which is ideologically mandated and politically predisposed to suppress private ownership. In Dancing with the Devil, Yi-min Lin explains how and why such an ironic and puzzling reality came about. The central thesis is that private ownership became a necessary evil for the CCP because the public sector was increasingly unable to address two essential concerns for regime survival: employment and revenue. Focusing on political actors as a major group of change agents, the book examines how their self-interested behavior led to the decline of public ownership. Demographics and the state's fiscal system provide the analytical coordinates for revealing the changing incentives and constraints faced by political actors and for investigating their responses and strategies. These factors help explain CCP leaders' initial decision to allow limited private economic activities at the outset of reform. They also shed light on the subsequent growth of opportunism in the behavior of lower level officials, which undermined the vitality of public enterprises. Furthermore, they hold a key to understanding the timing of the massive privatization in the late 1990s, as well as its tempo and spread thereafter. Dancing with the Devil illustrates how the driving forces developed and played out in these intertwined episodes of the story. In so doing, it offers new insights into the mechanisms of China's economic transformation and enriches theories of institutional change.

General

Imprint: Oxford UniversityPress
Country of origin: United States
Release date: June 2017
Authors: Yi-Min Lin (Professor of Political Science)
Dimensions: 236 x 164 x 22mm (L x W x T)
Format: Hardcover
Pages: 288
ISBN-13: 978-0-19-068282-8
Categories: Books > Social sciences > Politics & government > Political science & theory
Books > Business & Economics > Economics > Development economics
Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Economics > Economic systems > General
Books > Business & Economics > Finance & accounting > Finance > Banking
Books > Business & Economics > Business & management > Ownership & organization of enterprises > Privatization
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Banking
Books > Money & Finance > Public finance > General
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LSN: 0-19-068282-5
Barcode: 9780190682828

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