Communism and Economic Modernization
AbstractThe paper examines the range of national experiences of communist rule in terms of the aspiration to ‘overtake and outstrip the advanced countries economically’. It reviews the causal beliefs of the rulers, the rise and fall of their economies (or, in the case of China, its continued rise), the core institutions of communist rule and their evolution, and other outcomes. The process of overcoming a development lag so as to approach the global technological frontier has required continual institutional change and policy reform in the face of resistance from established interests. So far, China is the only country where communist rule has been able to meet this requirement, enabled by a new deal with political and economic stakeholders. The paper places the “China Deal” on a spectrum previously limited to the Soviet Big and Little Deals
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Bibliographic InfoPaper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 91.
Date of creation: 2012
Date of revision:
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Beliefs; China; communism; convergence; growth; institutions; modernization; policy reform; Russia;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-29 (All new papers)
- NEP-CIS-2012-07-29 (Confederation of Independent States)
- NEP-CWA-2012-07-29 (Central & Western Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766, July.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The China Deal: Why China's economic success is fragile by Mark Harrison
by Mark Harrison in Mark Harrison's blog on 2012-07-29 14:23:46
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