The Institutionalization of Crony Capitalism in Market Leninism (1990s–2002)

Jianyong Yue ()
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Jianyong Yue: London School of Economics and Political Science

Chapter Chapter 3 in Crony Comprador Capitalism, 2024, pp 31-58 from Springer

Abstract: Abstract This chapter explores China's institutional transition to capitalism, tracing the shift from market socialism to what has been termed “market Leninism” since 1992. It examines how, in the aftermath of global events in 1989, the Communist regime sought legitimacy, leading to the flourishing of crony capitalism in China. By 2002, this crony capitalism had become fully institutionalized, marking a substantial transformation of the Communist Party into a “major right-wing dictatorship.”

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-53154-5_3

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DOI: 10.1007/978-3-031-53154-5_3

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