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Book Cover
Author Lin, Yi-min.

Title Dancing with the devil : the political economy of privatization in China
Published Oxford : Oxford University Press, 2017


Description 1 online resource
Contents Cover; Dancing with the Devil; Copyright; Contents; List of Illustrations; Introduction; Privatization as a Process of Endogenous Institutional Change: Toward an Eclectic Perspective; Driving Forces of Privatization; Political Actors as Change Agents: The Main Storyline; Note on Statistical Analyses, Data Sources, and Chinese Materials; 1. The Changing Fate of Private Ownership since 1949; Socialist Transformation and the Mao Era; From Getihu to "Equal Protection" of Public and Private Property Rights; Reversal or Moderation of Privatization?; Broad Trends of Change; Summary and Questions
2. Demographic PressuresStructure and Change of the Post-1949 Population; Buildup of Employment Pressures; Labor Market: Occupational and Spatial Movements; Aging and Old-Age Support; Summary; 3. The Evolving Structure of Public Finance; "Unified Revenue and Spending"; Fiscal Contracts; Revenue Partitioning; Implications; 4. Careerism and Moral Hazard in Early Marketization; Large Is Beautiful: Political Performance Assessment under Economic Decentralization; The TVE Spectacle; The SOE Sideshow; Summary; 5. Rule Bending for the Necessary Evil; Uneven Paces of Early Privatization
The Wenzhou Story RetoldBeyond Wenzhou; Summary; 6. FDI and Privatization; Centrally Imposed Constraints and Local Rule Bending; FDI Entry Mode and Resource Dependence; Bipolar Concentration of Risk Taking; Summary; 7. The Tipping Point and Beyond; The Triggers; The Political Bandwagon; From Industrial Development to Urbanization; Asset Stripping and Insider Control; The End Game: SASAC and the Remaining SOEs; Summary; Conclusion; Institutional Stability and Unintended Consequences of Rule Compliance; Noncompliance and Political Risk Management
Path Dependence in Endogenous Institutional ChangeBibliography; Index
Summary Dancing with the Devil explains why public ownership has declined in post-Mao China. Focusing on the behavior of political actors under changing incentives and constraints, the book illustrates how growing concerns about jobs and revenue have forced the country's communist rulers to change their policies toward private capital
Bibliography Includes bibliographical references (pages 243-261) and index
Notes Chiefly English with some Chinese
Subject Privatization -- China
BUSINESS & ECONOMICS -- Industries -- General.
Economic history.
Economic policy.
SUBJECT China -- Economic policy -- 1949-
China -- Economic conditions -- 1949-
Subject China.
Form Electronic book
ISBN 0190682841