(DOWNLOAD) "Principal Agent Theory and Private Property Rights in China's Economic Reform (Report)" by China: An International Journal ~ eBook PDF Kindle ePub Free

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eBook details

• Title: Principal Agent Theory and Private Property Rights in China's Economic Reform (Report)
• Author : China: An International Journal
• Release Date : January 01, 2009
• Genre: Social Science,Books,Nonfiction,
• Pages : * pages
• Size : 242 KB

Description

China's economic reforms over the past 30 years have been very successful. Gross domestic product has been growing at roughly ten per cent per year. The centrally planned economy has been transformed into a market economy. Although government intervention is still widespread, some industries in China are part of the most intensive competition in the world. The miracle of China's success, in contrast with the relatively mediocre performance in Eastern Europe, has attracted scholarly attention. In the past, scholars observed forms rather than the essence. For example, in China the reforms were gradual rather than "big-bang"; agricultural reform preceded industrial reform, etc. Later, scholars investigated the institutional arrangements and proposed theories to explain China's success. For instance, the "local state corporatism" thesis, (1) "local governments as industrial firms" thesis, (2) "state entrepreneurialism" thesis where local governments constituted and coordinated the corporations, (3) "federalism" thesis, (4) "semi-federalist government" thesis (5) or "federalism, Chinese style" thesis, (6) "privatisation from below" thesis (7) or "privatisation and Chinese style" thesis (8) or "insider privatisation" thesis. (9)

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