Conceptualizing and Legalizing Private Enterprise

Zongshi Chen

Chapter Chapter 3 in The Revival, Legitimization, and Development of Private Enterprise in China, 2015, pp 57-84 from Palgrave Macmillan

Abstract: Abstract The previous chapter discussed how the cadres at the local and the central levels, and entrepreneurs were involved in the revival of a private economy in Wenzhou, and showed that the market camp needed an alternative successful model to strengthen their position, and that at the local Wenzhou level, the cadres and entrepreneurs invoked the ambiguity of central policies and took risks in carrying out experiments. The question now is how this local model was adopted by the center, which later made the private economy legitimate across China against the still ambivalent environment, in other words, what mechanism contributed to the gradual institutionalization of private economy at the national level.

Keywords: Institutional Change; Private Enterprise; Institutional Logic; Private Employment; Private Entrepreneur (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51641-1_3

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DOI: 10.1057/9781137516411_3

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