Market in state : the political economy of domination in China / Yongnian Zheng, National University of Singapore, Yanjie Huang, Columbia University, New York.

Format:

Book

Author/Creator:

Zheng, Yongnian, author.

Huang, Yanjie (Doctoral researcher), author.

Language:

English

Subjects (All):

China--Economic policy.

China.

Economic policy.

China--Economic conditions.

Economic conditions.

Economic development--China.

Economic development.

Government business enterprises--China.

Government business enterprises.

Economic history.

Physical Description:

xiv, 478 pages ; 23 cm

Place of Publication:

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2018.

Summary:

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.

Contents:

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.

Notes:

Includes bibliographical references and index.

ISBN:

9781108473446

110847344X

9781108461573

1108461573

OCLC:

1028184506