Rent Seeking in China

Rent Seeking in China PDF

Author: Tak-Wing Ngo

Publisher: Routledge

Published: 2008-12-04

Total Pages: 395

ISBN-13: 1134034407

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In China, rent seeking has been linked to the idea of the local developmental state in which rapid economic development is explained in terms of the promotion of village and township enterprises by local cadres who wants to maximize revenue. At the same time, the rent-seeking state is also seen as the root of corrupt practices and in the creation of a political market where state assets and authorities are diverted into private interests. Despite the prevalence of rent seeking practices in present day China, no systematic study of the phenomenon across different regions and economic sectors has yet been undertaken and as such what accounts for the occurrence of the phenomenon, what range of activities are related to rent seeking practices and, more importantly, how rent seeking shapes political and economic development are barely understood. Rent Seeking in China seeks to address these questions using case studies from across economics sectors including primary industry, strategic industry, heavy industry, and light industry. It will be invaluable reading for students and scholars of Chinese politics, comparative politics and Chinese economic and business management.

From Mao to Market

From Mao to Market PDF

Author: Andrew H. Wedeman

Publisher: Cambridge University Press

Published: 2003-07-10

Total Pages: 296

ISBN-13: 1139437852

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Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Companion to the Political Economy of Rent Seeking

Companion to the Political Economy of Rent Seeking PDF

Author: R. D. Congleton

Publisher: Edward Elgar Publishing

Published: 2015-02-27

Total Pages: 553

ISBN-13: 1782544941

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The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political econo

Rent Seeking and Development

Rent Seeking and Development PDF

Author: Christine Ngoc Ngo

Publisher: Routledge

Published: 2020-03-25

Total Pages: 219

ISBN-13: 1317328213

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Rent seeking continues to be a topic of much discussion and debate within the political economy. This new study challenges previous assumptions and sets out a new analysis of the dynamics of rent and rent seeking in development, using Vietnam as a case study. This book provides an alternative approach to the study of economic development and illuminates new perspectives in a contemporary context. It argues that not only has there been an incomplete understanding of Vietnam’s industrial development over the last three decades, but that neoclassical economics do not adequately address many of the issues endangering Vietnam’s development. A significant observation of the Vietnamese experience is the analytical view that rents can be developmental and growth enhancing if the configuration of rent management incentivizes industrial upgrade and conditions firm performance. Underlining the need to reexamine how economic actors and the state collaborate through formal and informal institutions, this study fills a gap in the scholarship of the political economy of rent and rent seeking and how rents might be used for developmental purposes.

Rents, Rent-Seeking and Economic Development

Rents, Rent-Seeking and Economic Development PDF

Author: Mushtaq Husain Khan

Publisher: Cambridge University Press

Published: 2000-09-07

Total Pages: 358

ISBN-13: 9780521788663

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The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.

The Evolving Role of China in the Global Economy

The Evolving Role of China in the Global Economy PDF

Author: Yin-Wong Cheung

Publisher: MIT Press

Published: 2013

Total Pages: 473

ISBN-13: 0262018233

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China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.

The Entrepreneurial State in China

The Entrepreneurial State in China PDF

Author: Jane Duckett

Publisher: Routledge

Published: 2006-10-19

Total Pages: 374

ISBN-13: 1134661746

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Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform.

Empirical Analysis on Income Inequality of Chinese Residents

Empirical Analysis on Income Inequality of Chinese Residents PDF

Author: Yunbo Zhou

Publisher: Springer Science & Business Media

Published: 2012-04-30

Total Pages: 217

ISBN-13: 3642249515

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The subject of this book is discussing the income inequality of Chinese residents, its change and the factors that impact it. In this book all kinds of quantitative methods, including decomposing Gini Coefficients method, Fei-Ranis method, two-sectors model and other econometric models. Some special features are that in this book, a two-sectors model was set up to analyze the impact of population migration from urban areas to rural areas on income inequality of total residents, and the inverted U hypothesis was tested by time-series regression model. The inverted U hypothesis is supported by the change of income inequality of Chinese total residents which is different from the conclusion of present reaches. In additional, the impact of rent-seeking income on inequality was discussed, an economic mode was founded to explain the causes of rent-seeking activities in China’s present stage.

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