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The Disinterested Government: An Interpretation of China's Economic Success in the Reform Era

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  • Yang Yao

Abstract

In the last 30 years, China has achieved high economic growth and successfully transformed its economy from a planned economy to a market-based system. The country, to a large extent, has attained success through the recommendations proposed by standard economic theory. However, the role of political economy has been omitted from the literature: how did China adopt the right economic policies and the appropriate road to reform? This paper attempts to answer this question.

Suggested Citation

  • Yang Yao, 2009. "The Disinterested Government: An Interpretation of China's Economic Success in the Reform Era," WIDER Working Paper Series RP2009-33, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-33
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    File URL: https://www.wider.unu.edu/sites/default/files/RP2009-33.pdf
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    References listed on IDEAS

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    6. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1992. "The Transition to a Market Economy: Pitfalls of Partial Reform," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 889-906.
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    Cited by:

    1. Mourao, Paulo Reis, 2018. "What is China seeking from Africa? An analysis of the economic and political determinants of Chinese Outward Foreign Direct Investment based on Stochastic Frontier Models," China Economic Review, Elsevier, vol. 48(C), pages 258-268.

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    Keywords

    Economic development; Institutional economics;

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