Evolution of government and market under China’s reform era: through the perspective of state capacity
Abstract There are two main stream theories explaining China’s rapid economic development in the reform era: new institutionalism and developmental state theory. Realizing the weaknesses of two main stream theories and based on China’s unique experience as both a transitional economy and developing...
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| Format: | Article |
| Language: | English |
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Springer
2023-12-01
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| Series: | Asian Review of Political Economy |
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| Online Access: | https://doi.org/10.1007/s44216-023-00016-y |
| _version_ | 1797377205379006464 |
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| author | Changdong Zhang |
| author_facet | Changdong Zhang |
| author_sort | Changdong Zhang |
| collection | DOAJ |
| description | Abstract There are two main stream theories explaining China’s rapid economic development in the reform era: new institutionalism and developmental state theory. Realizing the weaknesses of two main stream theories and based on China’s unique experience as both a transitional economy and developing economy that experienced rapid industrialization and marketization, scholars also developed other theories with some revisions of the above two mainstream theories. While these theories have very different focuses, they agree on the importance of state capacity. The author argues that the Chinese Communist Party composes the institutional foundation of state capacities to promote economic growth and build market institutions, and discusses three important aspects of how party strength and state capacity helped the market transition, government restructuring and enterprise reform. The future challenges are discussed in the conclusion. |
| first_indexed | 2024-03-08T19:49:26Z |
| format | Article |
| id | doaj.art-841505b274ad4a35af2d666fcbdf7766 |
| institution | Directory Open Access Journal |
| issn | 2731-5835 |
| language | English |
| last_indexed | 2024-03-08T19:49:26Z |
| publishDate | 2023-12-01 |
| publisher | Springer |
| record_format | Article |
| series | Asian Review of Political Economy |
| spelling | doaj.art-841505b274ad4a35af2d666fcbdf77662023-12-24T12:10:16ZengSpringerAsian Review of Political Economy2731-58352023-12-012113310.1007/s44216-023-00016-yEvolution of government and market under China’s reform era: through the perspective of state capacityChangdong Zhang0Department of Political Science, School of Government, Peking UniversityAbstract There are two main stream theories explaining China’s rapid economic development in the reform era: new institutionalism and developmental state theory. Realizing the weaknesses of two main stream theories and based on China’s unique experience as both a transitional economy and developing economy that experienced rapid industrialization and marketization, scholars also developed other theories with some revisions of the above two mainstream theories. While these theories have very different focuses, they agree on the importance of state capacity. The author argues that the Chinese Communist Party composes the institutional foundation of state capacities to promote economic growth and build market institutions, and discusses three important aspects of how party strength and state capacity helped the market transition, government restructuring and enterprise reform. The future challenges are discussed in the conclusion.https://doi.org/10.1007/s44216-023-00016-yState capacityGovernment-market relationEconomic developmentPolitical party |
| spellingShingle | Changdong Zhang Evolution of government and market under China’s reform era: through the perspective of state capacity Asian Review of Political Economy State capacity Government-market relation Economic development Political party |
| title | Evolution of government and market under China’s reform era: through the perspective of state capacity |
| title_full | Evolution of government and market under China’s reform era: through the perspective of state capacity |
| title_fullStr | Evolution of government and market under China’s reform era: through the perspective of state capacity |
| title_full_unstemmed | Evolution of government and market under China’s reform era: through the perspective of state capacity |
| title_short | Evolution of government and market under China’s reform era: through the perspective of state capacity |
| title_sort | evolution of government and market under china s reform era through the perspective of state capacity |
| topic | State capacity Government-market relation Economic development Political party |
| url | https://doi.org/10.1007/s44216-023-00016-y |
| work_keys_str_mv | AT changdongzhang evolutionofgovernmentandmarketunderchinasreformerathroughtheperspectiveofstatecapacity |