Dancing with the Devil: The Political Economy of Privatization in China
Dancing with the Devil: The Political Economy of Privatization in China
Professor of Political Science
Cite
Abstract
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 is ideologically mandated and politically predisposed to suppress private ownership. Dancing with the Devil explains how and why such an ironic and puzzling reality came about. The central thesis is 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 a major group of change agents, the book examines how their self-interested behavior led to the decline of public ownership. Demographics and the state’s fiscal system provide the analytical coordinates for revealing the changing incentives and constraints faced by political actors and for investigating their responses and strategies. 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 subsequent growth of opportunism in the behavior of lower-level 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. The book 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.
-
Front Matter
-
Introduction
-
1
The Changing Fate of Private Ownership since 1949
-
2
Demographic Pressures
-
3
The Evolving Structure of Public Finance
-
4
Careerism and Moral Hazard in Early Marketization
-
5
Rule Bending for the Necessary Evil
-
6
FDI and Privatization
-
7
The Tipping Point and Beyond
-
Conclusion
-
End Matter
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
October 2022 | 4 |
October 2022 | 1 |
October 2022 | 4 |
October 2022 | 5 |
October 2022 | 1 |
October 2022 | 1 |
October 2022 | 1 |
October 2022 | 1 |
October 2022 | 1 |
October 2022 | 4 |
October 2022 | 3 |
October 2022 | 1 |
November 2022 | 1 |
November 2022 | 2 |
November 2022 | 1 |
November 2022 | 1 |
November 2022 | 1 |
November 2022 | 1 |
January 2023 | 2 |
January 2023 | 2 |
January 2023 | 4 |
January 2023 | 4 |
January 2023 | 1 |
January 2023 | 1 |
February 2023 | 1 |
February 2023 | 1 |
March 2023 | 2 |
March 2023 | 11 |
April 2023 | 3 |
April 2023 | 2 |
May 2023 | 1 |
May 2023 | 3 |
July 2023 | 1 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 4 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 3 |
August 2023 | 4 |
August 2023 | 2 |
August 2023 | 3 |
October 2023 | 2 |
October 2023 | 2 |
October 2023 | 2 |
October 2023 | 2 |
October 2023 | 2 |
October 2023 | 2 |
October 2023 | 3 |
October 2023 | 2 |
October 2023 | 3 |
November 2023 | 4 |
November 2023 | 2 |
November 2023 | 3 |
November 2023 | 2 |
November 2023 | 2 |
November 2023 | 2 |
November 2023 | 2 |
November 2023 | 2 |
November 2023 | 3 |
December 2023 | 2 |
December 2023 | 2 |
December 2023 | 2 |
December 2023 | 2 |
December 2023 | 2 |
December 2023 | 4 |
December 2023 | 2 |
December 2023 | 2 |
December 2023 | 2 |
January 2024 | 4 |
January 2024 | 3 |
April 2024 | 2 |
April 2024 | 1 |
April 2024 | 2 |
April 2024 | 2 |
April 2024 | 2 |
May 2024 | 1 |
June 2024 | 3 |
June 2024 | 2 |
June 2024 | 3 |
June 2024 | 10 |
June 2024 | 3 |
June 2024 | 2 |
June 2024 | 1 |
June 2024 | 3 |
June 2024 | 6 |
June 2024 | 8 |
June 2024 | 4 |
June 2024 | 1 |
June 2024 | 3 |
July 2024 | 1 |
July 2024 | 1 |
July 2024 | 1 |
July 2024 | 4 |
July 2024 | 1 |
July 2024 | 2 |
August 2024 | 2 |
August 2024 | 2 |
August 2024 | 1 |
August 2024 | 2 |
August 2024 | 2 |
August 2024 | 2 |
August 2024 | 2 |
August 2024 | 2 |
August 2024 | 3 |
August 2024 | 2 |
September 2024 | 1 |
October 2024 | 2 |
October 2024 | 1 |
October 2024 | 2 |
November 2024 | 1 |
November 2024 | 1 |
November 2024 | 1 |
November 2024 | 4 |
November 2024 | 1 |
November 2024 | 1 |
November 2024 | 3 |
November 2024 | 2 |
December 2024 | 2 |
December 2024 | 1 |
December 2024 | 7 |
January 2025 | 1 |
February 2025 | 1 |
February 2025 | 1 |
February 2025 | 3 |
February 2025 | 3 |
April 2025 | 4 |
April 2025 | 1 |
April 2025 | 1 |
April 2025 | 2 |
April 2025 | 1 |
April 2025 | 4 |
April 2025 | 1 |
May 2025 | 1 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.