China’s reform and opening process: a new model of political economy?
Christian Ploberger
Journal of Chinese Economic and Business Studies, 2016, vol. 14, issue 1, 69-87
Abstract:
The reform and opening process has led to an impressive economic development which saw China becoming the second-largest economy in the world. This development resulted in an ongoing discussion about the nature of the Chinese state and reinvigorated the discussion of the role the state plays in national development. Addressing the challenges of how to interpret the contemporary Chinese state, it will be argued that a particular institutional setting has a strong impact on future developments, and China’s reform process provides an insightful example in this regard. Indeed, we should remember that in the aftermath of the Cultural Revolution the Communist Party of China faced both a fundamental political crisis and an economic crisis of underperformance. In order to develop a deeper insight into the political-economic changes, we can observe during the reform process, a comprehensive analysis is required, one which focuses on the changes in China’s political-economic regime.
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:taf:jocebs:v:14:y:2016:i:1:p:69-87
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DOI: 10.1080/14765284.2015.1132933
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