Federalism, Chinese Style: The Political Basis for Economic Success in China

Barry Weingast, Yingyi Qian and Gabriella Montinola

No 294844, Institute for Policy Reform Working Paper Series from Institute for Policy Reform

Abstract: The remarkable success of China's economic reform is built on a solid political foundation. That success has been made possible by a considerable degree of credible commitment to markets achieved through institutional reforms that we have called "federalism Chinese style." Because these reforms are endowed with a degree of political durability, they provide a significant amount of protection to the market from unwanted political intrusions. Political decentralization, in turn, has provided individuals and local governments with the incentives to pursue economic prosperity.

Keywords: Industrial Organization; Political Economy (search for similar items in EconPapers)
Pages: 43
Date: 1994-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iprwps:294844

DOI: 10.22004/ag.econ.294844

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