Static Electricity: Institutional and Ideational Barriers to China’s Market Reforms

Davidson, M. R., Pearson, M. M. Studies in Comparative International Development . - China’s “economic juggernaut” is often noted to have arisen from successful market reforms carried out in the context of high state capacity. In contrast, we demonstrate that crucial reforms to replace central planning with markets have stalled as a result of major barriers of two types: institutional and ideational. Focusing...