Political Economy of Reforms in China

Byung-Joon Ahn

Chapter 1 in Economic Reforms in the Socialist World, 1989, pp 11-24 from Palgrave Macmillan

Abstract: Abstract In general, the term political economy refers to the interaction between authority and markets,1 or to the ‘mutual interaction of state and market’.2 This perspective can be usefully applied to Chinese reforms as well. But since China is a communist country, its political economy involves the specific interaction between the imperatives for sustaining socialism and the requirements of accomplishing modernisation, the two main goals of the state and the Party since the assumption of power in 1948.

Keywords: Political Economy; Foreign Policy; Economic Reform; Chinese Communist Party; Special Economic Zone (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-10668-4_2

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