Revival, Legitimization, and Development of Private Enterprise in China : Empowering State Capitalism
by
Z. Chen
Book Details
Format
Hardback or Cased Book
ISBN-10
1137516399
ISBN-13
9781137516398
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 13th, 2015
Print length
191 Pages
Product Classification:
AsiaEconomics of industrial organisationEconomics of industrial organizationEconomic growth
Ksh 16,200.00
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This book illustrates the decline of the state-encouraged revival and legitimization of private enterprises in 1980s China. Chen argues that the rapid growth of private enterprises strengthened the fiscal power of the state, leading the Chinese government to take an increasingly interventionist stance.
This book illustrates the decline of the state-encouraged revival and legitimization of private enterprises in 1980s China. The economic crisis at the end of the 1970s drove the state to retreat from the market and allowed for the revival and legitimization of private enterprise. The great wealth generated by the private enterprises also strengthened the fiscal capacity of the state, which in turn led to an increasingly interventionist state driven by intensive regional competition in economic growth. Zongshi Chen argues that the political connections of private entrepreneurs were more important in coastal enterprises than elsewhere, illustrating the strength of state capitalism in the coastal region.
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