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Communism and Economic Modernization

Author

Listed:
  • Harrison, Mark

    (University of Warwick)

Abstract

The paper examines the range of national experiences of communist rule in terms of the aspiration to ‘overtake and outstrip the advanced countries economically’. It reviews the causal beliefs of the rulers, the rise and fall of their economies (or, in the case of China, its continued rise), the core institutions of communist rule and their evolution, and other outcomes. The process of overcoming a development lag so as to approach the global technological frontier has required continual institutional change and policy reform in the face of resistance from established interests. So far, China is the only country where communist rule has been able to meet this requirement, enabled by a new deal with political and economic stakeholders. The paper places the “China Deal” on a spectrum previously limited to the Soviet Big and Little Deals

Suggested Citation

  • Harrison, Mark, 2012. "Communism and Economic Modernization," CAGE Online Working Paper Series 92, Competitive Advantage in the Global Economy (CAGE).
    • Handle: RePEc:cge:wacage:92
    as

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    File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/92.2012_harrison.pdf
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    References listed on IDEAS

    as
    1. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    2. Hare, Paul, 1987. "Economic Reform in Eastern Europe," Journal of Economic Surveys, Wiley Blackwell, vol. 1(1), pages 25-58.
    3. Chenggang Xu, 2011. "The Fundamental Institutions of China's Reforms and Development," Journal of Economic Literature, American Economic Association, vol. 49(4), pages 1076-1151, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mark Harrison & Inga Zaksauskienė, 2016. "Counter-intelligence in a command economy," Economic History Review, Economic History Society, vol. 69(1), pages 131-158, February.

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