The political economy of China's great transformation

Author(s)

    • Feng, Xingyuan
    • Ljungwall, Christer
    • Guo, Sujian
    • Herrmann-Pillath, Carsten

Bibliographic Information

The political economy of China's great transformation

Xingyuan Feng, Christer Ljungwall and Sujian Guo ; with foreword by Carsten Herrmann-Pillath

(Routledge studies in the modern world economy, 160)

Routledge, 2017

  • : hbk

Available at  / 10 libraries

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Note

Includes bibliographical references and index

Description and Table of Contents

Description

The Political Economy of China's Great Transformation consists of three parts: first, covering the current political transformation, providing a general political background for the socio-economic, fiscal and urban and rural transformation. The book analyses the economic transformation and addresses the shortcomings of existing interpretations of the "Chinese Miracle" and develops a new multi-dimensional framework. In addition, it shows how the private sector has been developing and what a major role it is playing in pushing forward the overall economic development. The book also focuses on the analysis of China's fiscal transformation. With the set of refined principles of fiscal federalism that the author has developed, it examines the problems of Chinese fiscal federalism in contrast to them. It further elaborates on topics such as the local government debt and explains why further reforms are necessary, making this book a very comprehensive read to understand China's progress.

Table of Contents

Part I: Political transformation in China 1. Political development in contemporary China 2. The "Chinese Dream" deconstructed: values and institutions Part II: Economic transformation in China 3. Re-interpreting the "Chinese Miracle" 4. Private sector development as the key to Chinese economic development 5. Capital freedom: evidence from China's provinces Part III: Fiscal transformation in China 6. Fiscal federalism: a refined theory and its application in the Chinese context 7. Local government debt and municipal bonds in China: problems and a framework of rules 8. Competitive governments, fiscal arrangements and the provision of local public infrastructure in China: a theory-driven study of Gujiao municipality 9. Features, problems and reform of the county fiscal administrative system in China

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