China's regulatory state : a new strategy for globalization / Roselyn Hsueh.

Format:

Book

Author/Creator:

Hsueh, Roselyn, 1977-

Series:

Cornell studies in political economy.

Cornell studies in political economy

Language:

English

Subjects (All):

Industrial policy--China.

Industrial policy.

Trade regulation--China.

Trade regulation.

Free trade--China.

Free trade.

Globalization--Economic aspects--China.

Globalization.

Physical Description:

1 online resource (319 p.)

Edition:

1st ed.

Place of Publication:

Ithaca : Cornell University Press, 2011.

Language Note:

English

Summary:

Today's China is governed by a new economic model that marks a radical break from the Mao and Deng eras; it departs fundamentally from both the East Asian developmental state and its own Communist past. It has not, however, adopted a liberal economic model. China has retained elements of statist control even though it has liberalized foreign direct investment more than any other developing country in recent years. This mode of global economic integration reveals much about China's state capacity and development strategy, which is based on retaining government control over critical sectors while meeting commitments made to the World Trade Organization.In China's Regulatory State, Roselyn Hsueh demonstrates that China only appears to be a more liberal state; even as it introduces competition and devolves economic decisionmaking, the state has selectively imposed new regulations at the sectoral level, asserting and even tightening control over industry and market development, to achieve state goals. By investigating in depth how China implemented its economic policies between 1978 and 2010, Hsueh gives the most complete picture yet of China's regulatory state, particularly as it has shaped the telecommunications and textiles industries.Hsueh contends that a logic of strategic value explains how the state, with its different levels of authority and maze of bureaucracies, interacts with new economic stakeholders to enhance its control in certain economic sectors while relinquishing control in others. Sectoral characteristics determine policy specifics although the organization of institutions and boom-bust cycles influence how the state reformulates old rules and creates new ones to maximize benefits and minimize costs after an initial phase of liberalization. This pathbreaking analysis of state goals, government-business relations, and methods of governance across industries in China also considers Japan's, South Korea's, and Taiwan's manifestly different approaches to globalization.

Contents:

Liberalization two-step : understanding state control of the economy

China's strategy for international integration : the logic of reregulation

Telecommunications and textiles : two patterns of state control

Consolidating central control of telecommunications in the pre-WTO era

State-owned carriers and centrally led reregulation of telecommunications in the WTO era

Dismantling central control of textiles in the pre-WTO era

Sector associations and locally led reregulation of textiles in the WTO era

Deliberate reinforcement in strategic industries

Decentralized engagement in nonstrategic industries

China's development model : a new strategy for globalization.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

9780801462863

080146286X

9780801462856

0801462851

OCLC:

758624137