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This paper demonstrates that despite substantial transformation towards a market economy, occasions for increased state intervention will mobilize the characteristics of redistribution in party-state systems. Such state intervention occurred through the introduction of the stimulus package in...
Persistent link: https://www.econbiz.de/10009680881
Global downturn in 2008 exerted strong adaptation pressures on China that incited prompt state response. The one-off large state intervention had consequences in several dimensions: on the one hand, it had a positive impact on the system's short-term economic, social and political stability by...
Persistent link: https://www.econbiz.de/10009512785
With the implementation of the approach of the Interactive Party-State model (Csanádi, 2006, 2011) the paper demonstrates the possible short and long term consequences of the adaptation pressures exerted by the global crisis on Chinese system transformation. It points to the short term...
Persistent link: https://www.econbiz.de/10009229826
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...
Persistent link: https://www.econbiz.de/10003824121
Persistent link: https://www.econbiz.de/10011415664