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Author
Karnia Krystian
Title
China's capitalism
Source
Warsaw Forum of Economic Sociology, 2012, vol. 3, nr 1 (5), s. 83-113, bibliogr. poz. 102
Keyword
Kapitalizm, Gospodarka, Przekształcenia ustrojowo-systemowe, System gospodarczy, Polityka gospodarcza
Capitalism, Economy, Political and systemic transformations, Economic system, Economic policy
Note
summ.
Country
Chiny
China
Abstract
The paper combines a broad theoretical framework of comparable capitalism with the insights from new economic sociology and new institutional economics to understand and assess mechanisms of China's evolution. During the last three decades China's economic system has undergone a great transformation from communism to some form of state-led capitalism. The evolutionary approach that balanced the interests of economic and political actors led to the gradual introduction of a capitalist institutional framework, but also preserved the immense role of the Communist Party. In the course of the reforms, former direct control over the economy has been replaced by more discretionary measures like corporate governance (which conserved the extensive patronage system), and Party affiliation (which allowed for political penetration of the private sector). Supplying examples of mounting economic waste, I argue that China's present variety of capitalism is hardly an optimal solution, and the further development will strictly depend on state and Party withdrawal from economic contorl. (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
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ISSN
2081-9633
Language
eng
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