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Global crisis and its implications on the political transformation in China

Author

Listed:
  • Maria Csanadi

    (Institute of Economics - Hungarian Academy of Sciences)

  • Hairong Lai

    (Center for Comparative Politics and Economics - Beijing)

  • Ferenc Gyuris

    (Department of Regional Science - Eötvös Loránd University, Budapest)

Abstract

This paper analyzes the impact of global financial and economic crisis on the process of system transformation in China. First, it details the direct impact of global growth on macroeconomic development and its indirect impact on economic transformation. Second, it analyzes the direct impact of global crisis on macroeconomic decline and its indirect impact on the prospects of political transformation. The paper builds on the basic principles and ideas of the Interactive Party-State model to introduce the concept of transformation dynamics. This concept implies the direction and speed of change of the retreating party-state sphere and the emergence of the field outside of it during the process of transformation. Using this concept a statistical survey was carried out on the economic transformation of the Chinese party-state. Results reveal the disparities of the dynamics of transformation in time, in space, and at different levels of aggregation between 1999 and 2004. A dominant type of transformation dynamics is revealed during this period and the shift of dominant type within that period, sensitive to the trend of certain economic indicators. Based on those findings, the paper projects the dominance of another type of transformation dynamics as a result of the consequences of global crisis. It also outlines the possible impact of this dynamics on the premises of political transformation.

Suggested Citation

  • Maria Csanadi & Hairong Lai & Ferenc Gyuris, 2009. "Global crisis and its implications on the political transformation in China," CERS-IE WORKING PAPERS 0905, Institute of Economics, Centre for Economic and Regional Studies.
    • Handle: RePEc:has:discpr:0905
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    Citations

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    Cited by:

    1. Alan Ahearne & Herbert Brücker & Zsolt Darvas & Jakob von Weizsäcker, 2009. "Cyclical dimensions of labour mobility after EU Enlargement," Working Papers 305, Bruegel.
    2. Maria Csanádi & Ferenc Gyuris & Wanjun Wang, 2020. "Opening up the black box: Interacting subspheres through enterprise entry and exit in China," CERS-IE WORKING PAPERS 2037, Institute of Economics, Centre for Economic and Regional Studies.
    3. Holger Gorg & Laszlo Halpern & Balazs Murakozy, 2010. "Why Do Within Firm-Product Export Prices Differ across Markets?," CERS-IE WORKING PAPERS 1003, Institute of Economics, Centre for Economic and Regional Studies.
    4. Andras Simonovits, 2010. "Tax Morality and Progressive Wage Tax," CERS-IE WORKING PAPERS 1005, Institute of Economics, Centre for Economic and Regional Studies.
    5. Maria Csanádi & Ferenc Gyuris, 2020. "Uneven Economic Overheating in a Transforming Party-State During the Global Crisis: The Case of China," CERS-IE WORKING PAPERS 2036, Institute of Economics, Centre for Economic and Regional Studies.

    More about this item

    Keywords

    system transformation; China; economic transformation; political transformation; spatial disparities in system transformation;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • P41 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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