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Social networks, rule of law and economic growth in China: The elusive pursuit of the right combination of private and public ordering

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  • Randall Peerenboom

Abstract

Social networks have always been an integral part of every society. However, they are different and play a more prominent role in Asian societies. In particular, it will be argued that the relationship of private ordering, networks of relationships, and informal law to formal law are necessary in addition to rule of law for a sustained economic growth. This is evident in how various Asian countries escaped the financial crisis that crippled the region. Rather than an analysis of several different Asian societies, China will be the main focus.

Suggested Citation

  • Randall Peerenboom, 2002. "Social networks, rule of law and economic growth in China: The elusive pursuit of the right combination of private and public ordering," Global Economic Review, Taylor & Francis Journals, vol. 31(2), pages 1-19.
    • Handle: RePEc:taf:glecrv:v:31:y:2002:i:2:p:1-19
    DOI: 10.1080/12265080208422890
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    References listed on IDEAS

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    1. Joseph E. Stiglitz & Shahid Yusuf, 2001. "Rethinking the East Asian Miracle," World Bank Publications - Books, The World Bank Group, number 13969.
    2. Ravich,Samantha F., 2000. "Marketization and Democracy," Cambridge Books, Cambridge University Press, number 9780521661652.
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