Thirty years of legal and economic reform in China: growth, institutions, and laws
AbstractChina's impressive economic growth over three decades has seemingly occurred in the absence of a strong legal system. This paper views China's reform process over the past three decades as one that has entailed a gradual introduction of market forces into areas of the economy, which requires both dismantling the structure of the centrally planned economy and developing market-oriented institutions. This paper argues that China's transition is premised on a set of informal, and increasingly formal, institutions that provided incentives during the process of gradual liberalization. Therefore, institutional developments were not absent. The exploration of the interplay between growth and institutions leads to the conclusion that continued economic growth in China will depend on implementing legal reforms better suited to the nature of the decentralized economy, hastened by the introduction of international economic laws and rules with greater global integration.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.
Volume (Year): 8 (2010)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RCEA20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Gattai, Valeria & Natale, Piergiovanna, 2013.
"What makes a joint venture: Micro-evidence from Sino-Italian contracts,"
Review of Financial Economics,
Elsevier, vol. 22(4), pages 194-205.
- Valeria Gattai & Piergiovanna Natale, 2012. "What makes a joint venture: micro evidence from Sino-Italian contracts," Working Papers 218, University of Milano-Bicocca, Department of Economics, revised Jan 2012.
- Valeria Gattai, 2013.
"The Dragon and the Elephant on the way to Italy,"
248, University of Milano-Bicocca, Department of Economics, revised Jun 2013.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.