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China's Engagement with Neo-liberalism: Path Dependency, Geography and Party Self-Reinvention

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  • Leong Liew

Abstract

China's post-Mao market reform, even after the Asian crisis, does not conform to the standard IMF/World Bank model and the state continues to mediate market reform. Three principal factors have influenced how the state mediates China's market reform: path dependency, a result of China's communist and nationalist revolution; China's geography, which favours developmental-state-type industrialisation; and most important of all, the Chinese Communist Party's successful post-Mao self-reinvention that has enabled it to remain in power as a monopolistic party. These factors determine that China's engagement with neo-liberalism will be a loose hug rather than an intimate embrace.

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  • Leong Liew, 2005. "China's Engagement with Neo-liberalism: Path Dependency, Geography and Party Self-Reinvention," Journal of Development Studies, Taylor & Francis Journals, vol. 41(2), pages 331-352.
    • Handle: RePEc:taf:jdevst:v:41:y:2005:i:2:p:331-352
    DOI: 10.1080/0022038042000309278
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    References listed on IDEAS

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    4. Jun Zhang, 2013. "Marketization beyond Neoliberalization: A Neo-Polanyian Perspective on China's Transition to a Market Economy," Environment and Planning A, , vol. 45(7), pages 1605-1624, July.
    5. Tsz-ming Or, 2018. "Pathways to homeownership among young professionals in urban China: The role of family resources," Urban Studies, Urban Studies Journal Limited, vol. 55(11), pages 2391-2407, August.
    6. Ying Chen & David Touve, 2011. "Conformity, political participation, and economic rewards: The case of Chinese private entrepreneurs," Asia Pacific Journal of Management, Springer, vol. 28(3), pages 529-553, September.
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    9. Jun Zhang, 2012. "From Hong Kong’s Capitalist Fundamentals to Singapore’s Authoritarian Governance: The Policy Mobility of Neo-liberalising Shenzhen, China," Urban Studies, Urban Studies Journal Limited, vol. 49(13), pages 2853-2871, October.

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