Title: Competition, Economic Growth, and Latent Problems
Abstract: From 1978 to 1998 China's gross domestic product grew at an average annual rate of 9.7% (GJTJJa 1999: 58). During the same period of time, exchange relations significantly expanded in both economic activities and the political process. These concurrent developments contrast sharply with images of economic stagnation and decline in countries with widespread corruption and rent seeking (e.g., Bates 1981; Mauro 1995; Myrdal 1968; Olson 1982; Rose-Ackerman 1999). In the preceding chapters, I have discussed how the growing political market has played an important role in bringing down the plan while shaping the competitive advantage of industrial firms in profit-oriented economic activities. In this chapter, I explore the seemingly puzzling concurrence of sustained economic growth and marketization of the political process.
Publication Year: 2001
Publication Date: 2001-12-17
Language: en
Type: book-chapter
Indexed In: ['crossref']
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