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This book addresses two of the most important trends in political economy during the last two decades - globalization and decentralization - in the context of the world's most rapidly growing economic power, China. The intent is to provide a better understanding of how local political and economic institutions shape the ability of Chinese state-owned firms to utilize foreign direct investment (FDI) to remake themselves in the transition from inefficient and technologically backward firms into powerful national champions. In a global economy, the author argues, local governments are increasingly the agents of industrial transformation at the level of the firm. Local institutions are durable over time, and they have important economic consequences. Through an analysis of five Chinese regions, the treatment seeks to specify the opportunities and constraints that alternative institutional structures create, how they change over time, and ultimately, how they prepare Chinese firms for the challenge of global competition.
The beginning of the 21st century has seen important shifts in mobility cultures around the world, as the West’s media-driven car culture has contrasted with existing local mobilities, from rickshaws in India and minibuses in Africa to cycling in China. In this expansive volume, historian Gijs Mom explores how contemporary mobility has been impacted by social, political, and economic forces on a global scale, as in light of local mobility cultures, the car as an ‘adventure machine’ seems to lose cultural influence in favor of the car’s status character.
How and why has the Korean state changed its way of handling the society and its markets over the past two decades? The Changing Role of the Korean State finds that the explosion of contentious civil society after democratization coeval with the outbreak of the financial crisis following rapid economic growth, are closely associated with the decline of developmentalism. Despite these profound changes, however, the Korean state has not totally relinquished its control over the society and the market. Rather, although its methods have been altered it remains to be highly interventionalist and regulatory in nature. The state continues to use its influence to restructure the socio-economic system and rationally manage spatial arrangements. The book amply demonstrates the residual legacy of the developmental state in Korea, and it is unlikely that Korea will ever accept the western liberalist concept of a state which limits its function to that of a referee for the spontaneous operation of the civil society and the market. The contributors of this edited volume delineate the shifting role of the Korean state from the developmental state, which led economic development by guiding investment in strategic industries through various means, to a slightly subtler role as a regulator, supervising the operation of the market in the changing economic environment. Individual chapters presented here address this changing but nonetheless vital role that the state plays in managing the variety of modern socio-economic life in South Korea. Hong Yung Lee is Professor Emeritus of Political Science at University of California, Berkeley. Sunil Kim is Assistant Professor of International Studies at Kyung Hee University.
These proceedings gather outstanding papers presented at the China SAE Congress 2020, held on Oct. 27-29, Shanghai, China. Featuring contributions mainly from China, the biggest carmaker as well as most dynamic car market in the world, the book covers a wide range of automotive-related topics and the latest technical advances in the industry. Many of the approaches in the book will help technicians to solve practical problems that affect their daily work. In addition, the book offers valuable technical support to engineers, researchers and postgraduate students in the field of automotive engineering.
In Varieties of State Regulation, Yukyung Yeo explores how, despite China’s increasing integration into the global market, the Chinese central party-state continues to oversee the most strategic sectors of its economy. Since the 1990s, as major state firms were spun off from the ministries that managed them under the central planning system, the nature of the state in governing the economy has been remarkably transformed into that of a regulator. Based on over a hundred interviews conducted with Chinese central and local officials, firms, scholars, journalists, and consultants, the book demonstrates that the form of central state control varies considerably across leading industrial sectors, depending on the dominant mode of state ownership, conception of control, and governing structure. By analyzing and comparing institutional dynamics across various sectors, Yeo explains variations in the pattern of China’s regulation of its economy. She contrasts the regulation of the automobile industry, a relatively decentralized sector, with the highly-centralized telecommunications industry, and demonstrates how China’s central party-state maintains regulatory authority over key local state-owned enterprises. Placing these findings in historical and comparative contexts, the book presents the evolution and current practice of state regulation in China and examines its compatibility with other contemporary government practices.
In the past three decades, China has successfully transformed itself from an extremely poor economy to the world’s second largest economy. The country’s phenomenal economic growth has been sustained primarily by its rapid and continuous industrialisation. Currently industry accounts for nearly two-fifth of China’s gross domestic product, and since 2009 China has been the world’s largest exporter of manufactured products. This book explores the question of how far this industrial growth has been the product of government policies. It discusses how government policies and their priorities have developed and evolved, examines how industrial policies are linked to policies in other areas, such as trade, technology and regional development, and assesses how new policy initiatives are encouraging China’s increasing success in new technology-intensive industries. It also demonstrates how China’s industrial policies are linked to development of industrial clusters and regions.
Why have Taiwan, rich parts of China, and Thailand boomed famously, while the Philippines has long remained stagnant both economically and politically? Do booms abet democracy? Does the rise of middle “classes” promise future liberalization? Why has Philippine democracy brought no boom and barely served the Filipino people?This book, unlike most previous studies, shows that both the roots and results of growth are largely political rather than economic. Specifically, it pays attention to local, not just national, power networks that caused or prevented growth in the four places under consideration. Violence has been common in these polities, along with money. Elections have contributed to socio-political problems that are also obvious in Leninist or junta regimes, because elections are surprisingly easy to buy with corrupt money from government contracts. Liberals should pay more serious theoretical attention to the effects of money on justice, and Western political science should focus more clearly on the ways non-state local power affects elections. By considering the effects on fair justice of local money and power (largely from small- and medium-sized firms that emerge after agrarian reforms), this book asks democrats to face squarely the extent to which electoral procedures fail to help ordinary citizens. Students and scholars of Asia will all need this book — as will students of the West whose methods have become parochial.
Contemporary China appears both deceptively familiar and inexplicably different. China is a cauldron of forms of entrepreneurship, social organization, ways of life and governance that are at once new and unique, recognizably Chinese and generically modern. In analyzing and interpreting these developments, Frank N. Pieke adopts a China-centric perspective to move beyond western preoccupations, desires, or fears. Each chapter starts with a key question about China, showing that such questions and assumptions are often based on a misunderstanding or misconstruction of what China is today. Pieke explores twenty-first-century China as a unique kind of neo-socialist society, combining features of state socialism, neoliberal governance, capitalism and rapid globalization. Understanding this society not only helps us to know China better, but takes us beyond the old dichotomies of West versus East, developed versus developing, tradition versus modernity, democracy versus dictatorship, and capitalism versus socialism.
This is the first book which undertakes a systematic analysis of rent seeking activities in China. Using case studies from across economics sectors the contributors discuss the occurrence of the phenomenon, what range of activities are related to rent seeking practices and, more importantly, how rent seeking shapes political and economic development.
Providing an indispensable resource for students, educators, businessmen, and officials investigating the transformative experience of modern China, this book provides a comprehensive summary of the culture, institutions, traditions, and international relations that have shaped today's China. In Modern China, author Xiaobing Li offers a resource far beyond a conventional encyclopedia, providing not only comprehensive coverage of Chinese civilization and traditions, but also addressing the values, issues, and critical views of China. As a result, readers will better understand the transformative experience of the most populous country in the world, and will grasp the complexity of the progress and problems behind the rise of China to a world superpower in less than 30 years. Written by an author who lived in China for three decades, this encyclopedia addresses 16 key topics regarding China, such as its geography, government, social classes and ethnicities, gender-based identities, arts, media, and food, each followed by roughly 250 short entries related to each topic. All the entries are placed within a broad sociopolitical and socioeconomic contextual framework. The format and writing consistency through the book reflects a Chinese perspective, and allows students to compare Chinese with Western and American views.