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Political Economy of Reforms in China

In: Economic Reforms in the Socialist World

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  • Byung-Joon Ahn

Abstract

In general, the term political economy refers to the interaction between authority and markets,1 or to the ‘mutual interaction of state and market’.2 This perspective can be usefully applied to Chinese reforms as well. But since China is a communist country, its political economy involves the specific interaction between the imperatives for sustaining socialism and the requirements of accomplishing modernisation, the two main goals of the state and the Party since the assumption of power in 1948.

Suggested Citation

  • Byung-Joon Ahn, 1989. "Political Economy of Reforms in China," Palgrave Macmillan Books, in: Stanislaw Gomulka & Yong-Chool Ha & Cae-One Kim (ed.), Economic Reforms in the Socialist World, chapter 1, pages 11-24, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10668-4_2
    DOI: 10.1007/978-1-349-10668-4_2
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