Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance PDF

Author: Douglass C. North

Publisher: Cambridge University Press

Published: 1990-10-26

Total Pages: 164

ISBN-13: 9780521397346

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An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

Capitalism from Below

Capitalism from Below PDF

Author: Victor Nee

Publisher: Harvard University Press

Published: 2012-06-19

Total Pages: 450

ISBN-13: 0674065395

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Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.

Institutions and Institutional Change in China

Institutions and Institutional Change in China PDF

Author: F. Wang

Publisher: Springer

Published: 2016-01-18

Total Pages: 246

ISBN-13: 0230505961

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Wang proposes and applies an innovative analytical framework to study the institutional continuity and changes in China. More specifically, this study examines and explains the peculiar premodernity and the profound modernization process of China. On the track of a state-led modernization, the dragon of China is found to be institutionally entering the nets of the market economy. An inquiry of China's labour allocation patterns and their changes serves as the indicator for the institutional analysis.

Institutions and Institutional Change in China

Institutions and Institutional Change in China PDF

Author: Fei-Ling Wang

Publisher:

Published: 1998

Total Pages: 227

ISBN-13: 9780585033716

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This book constructs an alternative conceptual framework to study the issues of development, modernization and post-modernity in comparative politics and international political economy. An innovative perspective, together with the exploration of a new set of indicators, revises and revitalizes the traditional modernization theory.

Systemic Cycle and Institutional Change

Systemic Cycle and Institutional Change PDF

Author: Josip Lučev

Publisher: Springer Nature

Published: 2021-03-27

Total Pages: 324

ISBN-13: 3030660532

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This book explores endogenous institutional change and the global, cyclical, and power-based drivers that underpin it. A metatheoretical framework is presented to highlight the influence of path dependence, systemic cycle driven power relations, and institutional design on the development of labor institutions. The framework is applied to the USA, Germany, and China to provide a comparative economic perspective. Systemic Cycle and Institutional Change: Labor Markets in the USA, Germany and China aims to examine endogenous institutional change through analyzing the systemic cycle and bringing together global and national conceptions of capitalism. It is relevant to students and researchers interested in comparative economics, political economy, and labor economics.

Regime Legitimacy in Contemporary China

Regime Legitimacy in Contemporary China PDF

Author: Thomas Heberer

Publisher: Routledge

Published: 2008-08-01

Total Pages: 401

ISBN-13: 1134036299

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Using in-depth case studies of a wide-range of political, social and economic reforms in contemporary China this volume sheds light on the significance and consequences of institutional change for stability of the political system in China. The contributors examine how reforms shape and change Communist rule and Chinese society, and to what extent they may engender new legitimacy for the CCP regime and argue that authoritarian regimes like the PRC can successfully generate stability in the same way as democracies. Topics addressed include: ideological reform, rural tax- for-fees reforms, elections in villages and urban neighbourhood communities, property rights in rural industries, endogenous political constraints of transition, internalising capital markets, the media market in transition, the current social security system, the labour market environmental policy reforms to anti-poverty policies and NGOs. Exploring the possibility of legitimate one-party rule in China, this book is a stimulating and informative read for students and scholars interested in political science and Chinese politics

How Trade with China Threatens Western Institutions

How Trade with China Threatens Western Institutions PDF

Author: Robert Gmeiner

Publisher: Springer Nature

Published: 2021-07-12

Total Pages: 293

ISBN-13: 3030747093

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This book evaluates the institutional environments of China and the United States, and the West more broadly, and how they affect their trading relationship, with specific emphasis on intellectual property theft and other allegations of unfair competition. The economic and political characteristics of the two countries affect the balance of power in their trading relationship, with ramifications far beyond jobs and output. The major theme is China’s ability to free ride on Western institutions through intellectual property theft and extortion. This free riding is far more than just infringing patents and reaping profits; it creates a combination of incentives for political pressures in the West that diminish the free market and liberal Western values. The result is the classic result of free riding – underprovision, or degeneration, of the Western institutions that made the West prosperous and free. At the same time, China’s economic might, military prowess, and global soft power increase, often with deleterious effects for freedom and free markets. This book is distinctive because it integrates public choice ideas about economic institutions, state action, and strategic behavior into international trade. It also takes account of the economic characteristics of China and the West and explains why they present a situation that is fundamentally different from other trade disputes. Institutions and political influence are central to this book’s analysis of trade, which can be more dangerous and more disguised than the welfare gains from trade. Providing a concise and lucid distillation of pressing issues, this book is critical reading for scholars studying trade with China and its effects on both global and Western innovation, economic output, soft power, and freedom more broadly.

The Rise of the People’s Bank of China

The Rise of the People’s Bank of China PDF

Author: Stephen Bell

Publisher: Harvard University Press

Published: 2013-06-10

Total Pages: 360

ISBN-13: 0674073614

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With $4.5 trillion in total assets, the People’s Bank of China now surpasses the U.S. Federal Reserve as the world’s biggest central bank. The Rise of the People’s Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. Stephen Bell and Hui Feng trace the bank’s ascent to Beijing’s policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC—benefitting from political patronage and perceptions of its unique professional competency—found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China’s exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People’s Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.

Institutional Change And Adaptive Efficiency: A Study Of China's Hukou System Evolution

Institutional Change And Adaptive Efficiency: A Study Of China's Hukou System Evolution PDF

Author: Tony J Saich

Publisher: World Scientific

Published: 2023-11-06

Total Pages: 238

ISBN-13: 9811278482

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Since the 1990s, neo-institutionalists have posited that 'institutions matter'. However, they overlook one important issue: the ways institutions change also matters. Numerous academic studies have identified 'good' and 'bad' institutions, but little has been written about effective methods of transforming 'bad' institutions so that they enhance economic performance. To fill this gap, this book reframes the approach of neo-institutional economics to analyze institutions' role and evolution, focusing on the interaction between the household registration (hukou) system evolution and economic transformation.The authors apply an endogenous and dynamic perspective. First, the theory of endogenous institutional change illustrates how the drivers of hukou system evolution differ in the pre-reform and reform eras. Second, the theory of adaptive efficiency evaluates the evolution of the system's institutional efficiency. Finally, the authors were able to test the impact of the hukou reform on urban economic growth by examining local experimentation, helping explain the current 'stickiness' of the system.At the heart of hukou reform lies the question of how to deal with the link between hukou and welfare provision. This book will offer policymakers a better understanding of institutional change in dynamic economic contexts, helping them enhance economic performance.

China's Remarkable Economic Growth

China's Remarkable Economic Growth PDF

Author: John Knight

Publisher: OUP Oxford

Published: 2012-04-12

Total Pages: 368

ISBN-13: 0191641022

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How has the Chinese economy managed to grow at such a remarkable rate - no less than ten per cent per annum - for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a 'developmental state', and how it has maintained itself as a 'developmental state'. The book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying, determinants of the growth rate. It explores important consequences of China's growth, posing a series of key questions, such as: is the economy running out of unskilled labour; why and how has inequality risen; has economic growth raised happiness; what are the social costs of the overriding priority accorded to growth objectives; can China continue to grow rapidly, or will the maturing economy, or the macroeconomic imbalances, or financial crisis, or social instability, bring it to an end? Based mainly on original research, this book will be of interest to growth economists, development economists, transition economists, China specialists, policy-makers, and indeed all those who are intrigued by the Chinese growth phenomenon.