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States, Intergovernmental Relations, and Market Development
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States, Intergovernmental Relations, and Market Development : Comparing Capitalist Growth in Contemporary China and 19th Century United States

2019 ed.

Book Details

Format Hardback or Cased Book
ISBN-10 1137590912
ISBN-13 9781137590916
Edition 2019 ed.
Publisher Palgrave Macmillan
Imprint Palgrave Macmillan
Country of Manufacture GB
Country of Publication GB
Publication Date May 17th, 2018
Print length 233 Pages
Ksh 19,800.00
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The book argues that, in order to safeguard sustainable market development, it is necessary to centralize certain functions of the state to overcome local predatory governmental rulings, and to decentralize others to increase local governmental market incentives, simultaneously.
This book is a theoretical and empirical analysis of institutional foundation of long-term economic growth from the perspective of state-market and central-local relations. The book argues that, in order to safeguard sustainable market development, it is necessary to centralize certain functions of the state to overcome local predatory governmental rulings, and to decentralize others to increase local governmental market incentives, simultaneously. This institutional approach is conceptualized as "Dual Intergovernmental Transformation for Market Development" (DITMD). This book develops the DITMD model through an in-depth empirical comparison on contemporary China and the 19th-century United States.


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