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Capitalism with Chinese Characteristics: Entrepreneurship and the State

3.93  ·  Rating details ·  199 ratings  ·  13 reviews
Since 1978, the Chinese economy has grown phenomenally. This is not in dispute. By exactly what mechanism has China managed to grow so fast? There is more room for debate on this question. A widespread view is that private entrepreneurship, financial liberation, and political reforms played a minor role in explaining China's economic takeoff. Based on archival research and ...more
Hardcover, first edition, 366 pages
Published September 1st 2008 by Cambridge University Press (first published 2008)
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风花
Aug 20, 2022 rated it it was amazing
这本书肯定值得五星,黄亚生对80s后的经济史提供了一个alternative explantation,在我看来这种重述是很成功的。

“对乡镇企业(TVE)在1908s成功而在1990s失败原因的解释”在这种经济史的叙述中占了较大的比重。而无论是Jean Oi(戴慕珍)的“地方法团主义”,还是Susan Whiting基于制度经济学及制度变迁的解释,都在表达地方政府在这种经济起飞中的作用,这种解释立足于“乡镇企业大部分是集体所有或非私有的”。

而黄亚生则对此表示了质疑,他发现在1980s的政府文件中,对乡镇企业的定义更多的基于“地理位置”,也就是“这种企业分布于非城市地区”,而并不是“企业的所有权”。同时,大部分的乡镇企业并不是集体所有的,而是纯粹的私有。并且这种私营乡镇企业在穷省的经济中更占据主导地位。所以黄亚生说他自己回归了新古典经济学的解释范式,也就是中国1980s的经济腾飞是“私有产权与农村地区财政自由化”的结果,而与政府并没有太大关系。(同样我们可以发现,得到政府在经济发展中占主导结论的外国学者,他们可以做田野调查的省份似乎被当局所限制,大多集中于苏南地区,于是得出来了他们的结论
...more
xhxhx
Jul 23, 2012 rated it it was amazing
Shelves: china
Very good.

Chinese growth in the 1980s depended on rural entrepreneurship, market-directed purchases, and local innovation. After 1989, when the reformist Zhao Ziyang was purged from the leadership, policy changes at the center made China more dependent on urban growth, financed at below-market rates by state banks. (See Walter and Howie's Red Capitalism (2011).)

A generation of Shanghai-bred leaders, including former General Secretary Jiang Zemin, encouraged foreign direct investment, but blocke
...more
Chris
May 11, 2012 rated it really liked it
A strong alternative narrative of Chinese economic growth and policy of the last 30 years. To date, the dominant story has been that of Dani Rodrik, et. al. of gradual policy reform that avoided the ills of neoliberal privatization through smart heterodox reform. This narrative adds some wrinkles to the story. While the 80s are still celebrated as creating important spaces for rural entrepreneurialism that supported pro-poor growth, the 90s are portrayed as a a period of illiberal regression. Sh ...more
Yu Li
Dec 25, 2019 rated it it was amazing
A very general view of how the economy of China evolved

The policy changes like the moon in every 15 days is the nature of Chinese economy,

The key message of this book is that economic development is the result of liberalisation and privitisation rather than infrastructure and FDI.

And follow this gradualism perspective, also like Rodrik mentioned once, without the full capacity to change everything overnight.

The Township and village enterprise is a way to guarantee the property rights of these e
...more
Sanford Chee
Feb 22, 2022 rated it liked it
Excellent review by Susan Rose-Ackerman.
On the same theme of the contestation of ideas, but applied to science & technology instead of entrepreneurship, the author gives this thought provoking lecture:
‘Rise & Fall of Technology in Chinese History’
https://youtu.be/TR8sH0VQbFs

Huang argues that scale & scope can be used as a 2-factor model to correlate w/ technological & scientific inventions throughout the history of Chinese dynasties.
While state sponsored scale has been relatively constant, sco
...more
Pavel
Mar 02, 2012 rated it really liked it
Shelves: history_policy
One of the most difficult books I ever read. What made this challenging is a lot of data and lack of smoothness in the text on the micro level.

The book does cover a lot of ground in terms of time (~30 years) and the whole of China, presenting a very different view of the Chinese economy compared to what we are presented with usually: although GDP is growing quickly, the life of most people either did not improve or got worse. The book shows a lot of data, and although I did not agree with some i
...more
Richard
May 19, 2013 rated it it was amazing
Shelves: china, ebook, own
Well-researched story of the real, market-oriented reasons China succeed in its reform era. Says the government's main role was to get out of the way, and growth was better before the post-Tiananmen state changes. ...more
David Dayton
Mar 23, 2009 rated it it was amazing
Shelves: business, china
Once again, this is one of the best books that I've read to explain about the China of the last 35 years. ...more
John
Dec 31, 2015 rated it it was amazing
Brilliant except some of the data points and reasoning are a bit light. Worth a second read. The Shanghai analysis and China-India comparison are fascinating.
Pierre
May 08, 2022 rated it liked it
A controversial argument with some great points but ultimately not convincing
David Freeman
Jan 08, 2010 rated it really liked it
one of my favorite topics. not light reading, but dead on.
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