Dancing with the Devil

The Political Economy of Privatization in China

Nonfiction, Social & Cultural Studies, Political Science, International, Foreign Legal Systems, Politics, Economic Conditions
Cover of the book Dancing with the Devil by Yi-min Lin, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Yi-min Lin ISBN: 9780190682859
Publisher: Oxford University Press Publication: May 1, 2017
Imprint: Oxford University Press Language: English
Author: Yi-min Lin
ISBN: 9780190682859
Publisher: Oxford University Press
Publication: May 1, 2017
Imprint: Oxford University Press
Language: English

From 1978 through the turn of the century, China was transformed from a state-owned economy into a predominantly private economy. This fundamental change took place under the Chinese Communist Party (CCP), which has been ideologically and politically predisposed to suppress private ownership. In Dancing with the Devil, Yi-min Lin explains how and why such a paradoxical reality came about. He shows that private ownership became a necessary evil for the CCP because the public sector was increasingly unable to address two essential concerns for regime survival: employment and revenue. Focusing on political actors as major change agents, Lin examines how their self-interested behavior led to the decline of public ownership in the context of China's evolving demographics and fiscal system. The constraints and incentives associated with these factors help explain CCP leaders' initial decision to allow limited private economic activities at the outset of reform. They also shed light on the ballooning opportunism among lower officials, which undermined the vitality of public enterprises. Furthermore, they hold a key to understanding the timing of the massive privatization in the late 1990s, as well as its tempo and spread thereafter. Dancing with the Devil illustrates how the driving forces developed and played out in these intertwined episodes of the story. In so doing, it offers new insights into the mechanisms of China's economic transformation and enriches theories of institutional change.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

From 1978 through the turn of the century, China was transformed from a state-owned economy into a predominantly private economy. This fundamental change took place under the Chinese Communist Party (CCP), which has been ideologically and politically predisposed to suppress private ownership. In Dancing with the Devil, Yi-min Lin explains how and why such a paradoxical reality came about. He shows that private ownership became a necessary evil for the CCP because the public sector was increasingly unable to address two essential concerns for regime survival: employment and revenue. Focusing on political actors as major change agents, Lin examines how their self-interested behavior led to the decline of public ownership in the context of China's evolving demographics and fiscal system. The constraints and incentives associated with these factors help explain CCP leaders' initial decision to allow limited private economic activities at the outset of reform. They also shed light on the ballooning opportunism among lower officials, which undermined the vitality of public enterprises. Furthermore, they hold a key to understanding the timing of the massive privatization in the late 1990s, as well as its tempo and spread thereafter. Dancing with the Devil illustrates how the driving forces developed and played out in these intertwined episodes of the story. In so doing, it offers new insights into the mechanisms of China's economic transformation and enriches theories of institutional change.

More books from Oxford University Press

Cover of the book Moving to Opportunity by Yi-min Lin
Cover of the book Human Behavior and the Social Environment, Micro Level by Yi-min Lin
Cover of the book The Social Construction of Crime: Oxford Bibliographies Online Research Guide by Yi-min Lin
Cover of the book Making Sense in the Life Sciences by Yi-min Lin
Cover of the book Poetics of Dance by Yi-min Lin
Cover of the book The Birth of Ethics by Yi-min Lin
Cover of the book Intimate Justice by Yi-min Lin
Cover of the book The City and the Stage by Yi-min Lin
Cover of the book Show Tunes by Yi-min Lin
Cover of the book Bodies of Song by Yi-min Lin
Cover of the book Homer and the Politics of Authority in Renaissance France by Yi-min Lin
Cover of the book Prescribing under Pressure by Yi-min Lin
Cover of the book The Oxford Handbook of Crime and Criminal Justice by Yi-min Lin
Cover of the book Capital Markets, Derivatives and the Law by Yi-min Lin
Cover of the book Lorna Doone - With Audio Level 4 Oxford Bookworms Library by Yi-min Lin
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy