China's Engagement with Neo-liberalism: Path Dependency, Geography and Party Self-Reinvention

Leong Liew

Journal of Development Studies, 2005, vol. 41, issue 2, 331-352

Abstract: China's post-Mao market reform, even after the Asian crisis, does not conform to the standard IMF/World Bank model and the state continues to mediate market reform. Three principal factors have influenced how the state mediates China's market reform: path dependency, a result of China's communist and nationalist revolution; China's geography, which favours developmental-state-type industrialisation; and most important of all, the Chinese Communist Party's successful post-Mao self-reinvention that has enabled it to remain in power as a monopolistic party. These factors determine that China's engagement with neo-liberalism will be a loose hug rather than an intimate embrace.

Date: 2005
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DOI: 10.1080/0022038042000309278

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