Governing China in the 21st Century: Comparing Capitalist Growth in Contemporary China and 19th Century United States

Name: Governing China in the 21st Century: Comparing Capitalist Growth in Contemporary China and 19th Century United States
Brand: Palgrave Macmillan US
SKU: 9781349959167
Price: 89.99 USD
Availability: InStock

Cheng, Jinhua

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.