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Why Have Chinese Reforms Come to a Halt? The Political Economic Logic of Unfinished Transformation

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  • András Székely-Doby

Abstract

This study approaches the Chinese reform process from a political-economic point of view, focusing primarily on institutional changes. Besides revealing the main factors behind the different phases of the reforms, it argues that in the framework of the current authoritarian regime, vested interests work against the continuation of the reforms, making it impossible to fully establish the institutional framework of a market economy. Current rents and privileges also deter the elite from implementing serious political reforms, leading to a trap that prevents the completion of the transition process.

Suggested Citation

  • András Székely-Doby, 2018. "Why Have Chinese Reforms Come to a Halt? The Political Economic Logic of Unfinished Transformation," Europe-Asia Studies, Taylor & Francis Journals, vol. 70(2), pages 277-296, February.
    • Handle: RePEc:taf:ceasxx:v:70:y:2018:i:2:p:277-296
    DOI: 10.1080/09668136.2018.1439453
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    References listed on IDEAS

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    1. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
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    3. Xiaolan Fu & V. N. Balasubramanyam, 2003. "Township and Village Enterprises in China," Journal of Development Studies, Taylor & Francis Journals, vol. 39(4), pages 27-46.
    4. repec:lan:wpaper:3764 is not listed on IDEAS
    5. repec:lan:wpaper:4049 is not listed on IDEAS
    6. repec:idb:brikps:9167 is not listed on IDEAS
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