Concluding Observations

Victoria Mantzopoulos and Raphael Shen

Chapter Chapter 9 in The Political Economy of China’s Systemic Transformation, 2011, pp 189-204 from Palgrave Macmillan

Abstract: Abstract A governmental system is a complex organization that is comprised of interacting, interdependent parts that continually evolve. The interdependent parts include: the social system, the political system, the economic system, the value system, and the belief system. These systems in a society create a culture that in itself keeps evolving. No system or society is ever perfect. Evolution over time, on its part, engenders a quasinewer system that can become either less imperfect or more flawed. In an ascending movement, new weaknesses and challenges also surface. Accompanying the new weaknesses and challenges are opportunities for sustained improvements or the prospect of degeneration.

Keywords: World Trade Organization; Communist Party; Economic Freedom; Civil Liberty; Institutional Reform (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11934-5_9

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DOI: 10.1057/9780230119345_9

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