State Capitalism, Institutional Adaptation, and the Chinese Miracle

Know about the book -

State Capitalism, Institutional Adaptation, and the Chinese Miracle is written by Barry Naughton and published by Cambridge University Press. It's available with International Standard Book Number or ISBN identification 1316416208 (ISBN 10) and 9781316416204 (ISBN 13).

China's stunning growth rates have corresponded with the rise of 'state capitalism'. Since the mid-2000s, China's political economy has stabilized around a model where most sectors are marketized and increasingly integrated with the global economy; yet strategic industries remain firmly in the grasp of an elite empire of state-owned enterprises. What are the implications of state capitalism for industrial competitiveness, corporate governance, government-business relations, and domestic welfare? How does China's model of state capitalism compare with other examples of state-directed development in late industrializing countries? As China enters a phase of more modest growth, it is especially timely to understand how its institutions have adapted to new challenges and party-state priorities. In this volume, leading scholars of China's economy, politics, history, and society explore these compelling issues.