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Coexisting with China in the 21st Century

Author

Listed:
  • Roland, Gerard

    (Economics and Political Science at the Economic Department at University of California Berkeley, CEPR and NBER)

Abstract

Since Deng Xiaoping and reformers Hu Yaobang and Zhao Ziyang launched radical market reforms in China, the country became a capitalist economic system with a communist political regime, a regime never observed before in history. We discuss the nature of that regime, how stable it is likely to be over time and what the challenges are for democracies of international coexistence with this new regime in the twenty first century.

Suggested Citation

  • Roland, Gerard, 2019. "Coexisting with China in the 21st Century," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(supplemen), pages 49-70, January.
    • Handle: RePEc:aka:aoecon:v:69:y:2019:i:supplement1:p:49-70
    Note: I thank Chenggang Xu and Grzegorz Kolodko for valuable comments. All remaining errors are mine.
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    File URL: http://www.akademiai.com/doi/pdf/10.1556/032.2019.69.S1.5
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    Citations

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    Cited by:

    1. Péter Mihályi & Iván Szelényi, 2021. "Kornai on the affinity of systems: Is China today an illiberal capitalist system or a communist dictatorship?," Public Choice, Springer, vol. 187(1), pages 197-216, April.

    More about this item

    Keywords

    China; globalization; capitalism; communism; trade;
    All these keywords.

    JEL classification:

    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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