Title: State Capitalism, Chinese‐Style: Strategic Value of Sectors, Sectoral Characteristics, and Globalization
Abstract:Scholarship on the institutional foundations of C hinese‐style capitalism emphasizes the impact of liberal reformers and C hina's participation in international organizations, devolution of economic d...Scholarship on the institutional foundations of C hinese‐style capitalism emphasizes the impact of liberal reformers and C hina's participation in international organizations, devolution of economic decision making and local experimentation, and the proliferation of market actors to explain their origins. This article investigates distinct patterns of sectoral variation in market governance in C hina today, examining the extent and scope in which dominant forms of market coordination and distribution of property rights reflect variation in national goals of economic power, security, and growth; structural sectoral attributes; and the path‐dependent effects of institutional arrangements. The reinforcement of state coordination and the dominance of state ownership and shareholding in strategic industries, such as telecommunications, and the relinquishment of state control and the dominance of market stakeholders in nonstrategic sectors, such as textiles, characterize the rise of bifurcated capitalism in the period before and after C hina's accession to the W orld T rade O rganization.Read More
Publication Year: 2015
Publication Date: 2015-03-12
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 51
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