States, Intergovernmental Relations, and Market Development

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States, Intergovernmental Relations, and Market Development is written by Jinhua Cheng and published by Springer. It's available with International Standard Book Number or ISBN identification 1137583576 (ISBN 10) and 9781137583574 (ISBN 13).

This book is a theoretical and empirical analysis of institutional foundation of long-term economic growth from the perspective of state-market and central-local relations. The book argues that, in order to safeguard sustainable market development, it is necessary to centralize certain functions of the state to overcome local predatory governmental rulings, and to decentralize others to increase local governmental market incentives, simultaneously. This institutional approach is conceptualized as “Dual Intergovernmental Transformation for Market Development” (DITMD). This book develops the DITMD model through an in-depth empirical comparison on contemporary China and the 19th-century United States.