Market in state : the political economy of domination in China /
Zheng, Yongnian,
Market in state : the political economy of domination in China / Yongnian Zheng, National University of Singapore, Yanjie Huang, Columbia University, New York. - 1 online resource (xiv, 478 pages) : digital, PDF file(s).
Title from publisher's bibliographic system (viewed on 14 Sep 2018).
Introduction -- Market, state and capitalism: theories of political economy and China -- Market in state: a theory of Chinese political economy -- The state and market in imperial China -- Origins of the modern Chinese political economy: geopolitics, mobilization, and state building -- Grassroots capitalism and marketization: dynamics of market reform in the contemporary era -- The middle-ground: the nexus between the state and private enterprises -- The money regimes: fiscal and monetary reforms and their limits -- State capitalism: the centrally-managed SOEs and economic domination -- Conclusion.
Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market economy at the bottom, state capitalism at the top, and a middle ground in between. By examining Chinese economic practices against the dominant schools of Western political economy and classical Chinese economic thoughts, the authors set out the analytical framework of 'market in state' to conceptualize the market not as an autonomous self-regulating order but part and parcel of a state-centered order. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.
9781108562119 (ebook)
Economic development--China.
Government business enterprises--China.
China--Economic policy.
China--Economic conditions.
HC427 / .Z457 2018
330.951
Market in state : the political economy of domination in China / Yongnian Zheng, National University of Singapore, Yanjie Huang, Columbia University, New York. - 1 online resource (xiv, 478 pages) : digital, PDF file(s).
Title from publisher's bibliographic system (viewed on 14 Sep 2018).
Introduction -- Market, state and capitalism: theories of political economy and China -- Market in state: a theory of Chinese political economy -- The state and market in imperial China -- Origins of the modern Chinese political economy: geopolitics, mobilization, and state building -- Grassroots capitalism and marketization: dynamics of market reform in the contemporary era -- The middle-ground: the nexus between the state and private enterprises -- The money regimes: fiscal and monetary reforms and their limits -- State capitalism: the centrally-managed SOEs and economic domination -- Conclusion.
Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market economy at the bottom, state capitalism at the top, and a middle ground in between. By examining Chinese economic practices against the dominant schools of Western political economy and classical Chinese economic thoughts, the authors set out the analytical framework of 'market in state' to conceptualize the market not as an autonomous self-regulating order but part and parcel of a state-centered order. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.
9781108562119 (ebook)
Economic development--China.
Government business enterprises--China.
China--Economic policy.
China--Economic conditions.
HC427 / .Z457 2018
330.951
