Between Politics and Markets examines how the decline of central planning in post-Mao China was related to the rise of two markets - an economic market for the exchange of products and factors, and a political market for the diversion to private interests of state assets and authorities. Lin reveals their concurrent development through an account of how industrial firms competed their way out of the plan through exchange relations with one another and with state agents. He argues that the two markets were mutually accommodating, that the political market grew also from a decay of the state's self-monitoring capacity, and that economic actors' competition for special favors from state agents constituted a major driving force of economic institutional change.
| ISBN: | 9780521604048 |
| Publication date: | 26th July 2004 |
| Author: | Yimin Hong Kong University of Science and Technology Lin |
| Publisher: | Cambridge University Press |
| Format: | Paperback |
| Pagination: | 272 pages |
| Series: | Structural Analysis in the Social Sciences |
| Genres: |
Social and ethical issues Political economy |