Social and Behavioral Sciences Commons^™

The State-Constituted Market Economy: A Conceptual Framework For China’S State–Market Relations, Isabella Weber, Hao Qi

PERI Working Papers

China has created a distinct economic system. Yet despite a growing literature with valuable contributions on the institutional arrangements under ‘capitalism with Chinese characteristics’, the precise economic mechanisms underpinning China’s state–market relations remain undertheorised. In this paper we develop a conceptual framework of what we call China’s state-constituted market economy. We define essential as ‘systemically significant from the perspective of the state’. We argue that the Chinese state ‘constitutes’ the market economy by creating, participating and steering markets for essentials in order to stabilise and guide the economy as a whole. We draw on China’s statecraft tradition as well as …

Regulated Market, Trapped Workers: The Impacts Of The "Tolerant And Prudent" Policy On Labour Precarity In China’S Online Ridehailing Sector, Wei Zhang, Hao Qi, Zhongjin Li

PERI Working Papers

Since 2017, China has adopted the "tolerant and prudent" policy in regulating emerging digital platform industries. The impacts of this policy on labour precarity have been rarely studied. Drawing on an original survey of over 600 ride-hailing drivers in two Chinese cities, Nanjing and Beijing, we conduct a political economy analysis for a three-party framework involving the municipal government, capital, and labour. We find that, in accordance with the "tolerant and prudent" principle, municipal governments stipulated regulations regarding the qualifications of ride-hailing vehicles and drivers. These regulations, although they can help reduce labour precarity in the marketplace for licensed drivers, …

The (Im-)Possibility Of Rational Socialism: Mises In China’S Market Reform Debate, Isabella Weber

PERI Working Papers

Investigate the long first decade of reform in China (1978-1992) to show that Mises, in particular his initiating contribution to the Socialist Calculation Debate, became relevant to the reconfiguration of China’s political economy when the reformers gave up on the late Maoist primacy of continuous revolution and adhered instead to an imperative of development and catching up. During the Cultural Revolution, Mao had rejected the notions of efficiency and rational economic management. In the late 1970s, the reformers under Deng Xiaoping’s leadership elevated these notions to highest principle. As a result, Mises’ critique that socialism could not achieve a rational …

Predicting Chinese State-Owned Enterprise Policy Incidence, Sara Hsu

PERI Working Papers

In this exploratory research, we examine the effect of economic and noneconomic indicators on the creation of Chinese state-owned enterprise policies. Using a VAR model, we find indicators that explain state-owned enterprise policy creation variance, which means that we can explain, to some extent, the incidence of state-owned enterprise policies. This reduces economic policy uncertainty, thereby having the potential to increase economic activity and reduce costs.

China’S Ancient Principles Of Price Regulation Through Market Participation: The Guanzi From A Comparative Perspective, Isabella Weber

Economics Department Working Paper Series

The History of Economic Thought as a field has long taken it as a premise that so far as ancient economic thought is concerned, only the Greeks and Romans are worth studying. This paper introduces the Guanzi as a core text in ancient Chinese economic thought on price stabilization from a comparative perspective with ancient Greek contributions. The Guanzi presents a framework for the empirical analysis of market fluctuations and price movements and derives principles of economic governance from this analysis. In contrast Plato and Aristotle come to the question of price determination from the angle of moral philosophy. They …

Shooting For An Economic “Miracle”: German Post-War Neoliberal Thought In China’S Market Reform Debate, Isabella M. Weber

Economics Department Working Paper Series

This paper develops a comparative and connected history of the debates over transition to a market economy in West-Germany after World War II and in China during the first decade of reform and opening up under Deng Xiaoping (1978-1988). At both historical moments the political aim was to reintroduce market mechanisms into a dysfunctional command economy. The question what kind of price reform this required was subject to heated debates among economists. This paper shows how the West-German 1948 currency and price reform was introduced into the Chinese reform debate by German ordoliberals and neoliberals like Friedman. It traces how …

The State's Response To The Crisis Of Neoliberalism: A Comparison Of The Net Social Wage In China And The United States, 1992-2017, Katherine A. Moos, Hao Qi

PERI Working Papers

We compare the welfare states and taxation regimes of the two largest economies in the world, China and the United States, from 1992 to 2017. We begin with a comparison of each country’s net social wage—that is, the difference between total benefits received by and taxes paid by labor—using two established methods. While the net social wage in the two countries exhibited similar trends, the increasing net social wage has distinctly different implications in the two countries due to their specific historical trajectories in the neoliberal era. In the US, the increasing net social wage reflects an ambivalent and reluctant …

The U.S.–China Trade Imbalance And The Theory Of Free Trade: Debunking The Currency Manipulation Argument, Anwar Shaikh, Isabella Weber

PERI Working Papers

The U.S.-China trade imbalance is commonly attributed to a Chinese policy of currency manipulation. However, empirical studies failed to reach consensus on the RMB misalignment. We argue that this is not a consequence of poor measurement but of theory. At the most abstract level the conventional principle of comparative cost advantage suggests real exchange rates will adjust so as to balance trade. Therefore, the persistence of trade imbalances tends to be interpreted as arising from currency manipulation facilitated by foreign exchange interventions. By way of contrast, the absolute cost theory explains trade imbalances as the outcome of free trade among …

Government Policy’S Influence On Shadow Banking In China, Sara Hsu

PERI Working Papers

Shadow banking in China has been viewed by government officials and industry experts as illegitimate finance, but as a key means of financing by others. For the former, the industry has been seen as overly risky, potentially undermining the formal financial system. The latter see shadow banking as an increasingly important part of the financial system, filling a gap in the provision of finance to particular sectors and smaller firms.

In this paper, we seek to understand the effect of government views on shadow banking by analyzing the impact of government regulation on the shadow banking and non-shadow banking financial …

Class, Gender, And Mediated Labor Activism In Globalizing China, Siyuan Yin

Doctoral Dissertations

My dissertation analyzes the relationships between mediated labor activism and the formation of counter-hegemonic forces in contemporary China. As China becomes a seemingly ideal model to justify the normalization of global capitalism, this study seeks to demonstrate how resistance from disenfranchised groups can challenge hegemonic power. Rural-to-urban migrant workers, who have been among the most disadvantaged groups since China’s economic reform of the 1980s, suffer from institutionalized discrimination, economic exploitation, and social exclusion. Approaching the analysis from an intersectional feminist lens, I explore the politics and possibilities of working-class resistance in searching for a just and equal China. Based on …

Panel 5 Paper 5.3 Rural Intangible Cultural Heritage And Ethnic Tourism: Experiences Of Yunnan, China, Junjie Su

ISCCL Scientific Symposia and Annual General Meetings // Symposiums scientifiques et assemblées générales annuelles de l'ISCCL // Simposios científicos yy las Asambleas Generales Anuales

China is an active player in the international arena of intangible cultural heritage (ICH). While China is transforming from an agricultural country to an industrial country, rural heritage, either tangible or intangible, is facing tremendous challenges and opportunities. Among Chinese provinces, Yunnan in Southwest of China can be regarded as the best case to investigate the issues of protection, use and transmission of rural heritage as Yunnan is a unique province of China because of its ethnic cultural diversity and geographic diversity. Based on literary studies and fieldworks, this paper illustrates history, cases, theories and practices in the protection and …

Panel 5 Rural Intangible Cultural Heritage, Junjie Su, Mohamed Badry Kamel Basuny Amer M.A., Xuanlin Liu

ISCCL Scientific Symposia and Annual General Meetings // Symposiums scientifiques et assemblées générales annuelles de l'ISCCL // Simposios científicos yy las Asambleas Generales Anuales

Rural areas is the place where rural intangible heritage is found rich and diverse, whereas vulnerable to fast social, cultural, political and economic transformations, in particular in developing and underdeveloped areas. Although the concept of Intangible Cultural Heritage (ICH) has been established in UNESCO and accepted by many ICH Convention signatories, it has not been consistently adopted and implemented from international level to local level without divergencies. An analysis of rural ICH is to analyse how rural traditional culture, memories and past are used by different stakeholders for current society. (Re)defining rural ICH is a way to both rethink and …

The Use Of Public Plazas In China And The United States: Measuring The Differences Using Direct Observation In Boston And Chongqing, Maozhu Mao

Masters Theses

China’s development during the last several decades has happened at an amazing speed, and public plazas in China have changed considerably. For example, public dancing has become a very popular activity in most public plazas, and many more people than before are using these new plazas. However, some plazas are less popular than others. Therefore it is important to know what are the elements that affect people’s use of China’s public plazas? In the United States, William H. Whyte’s research proposed seven elements in public space that affect people. This study tried to answer the following questions: 1) Do William …

Negotiating Invisibility: Addressing Lgbt Prejudice In China, Hong Kong, And Thailand, Hunter Gray

Master's Capstone Projects

This research serves as a consolidation of information regarding the global response to LGBT prejudice, and in particular, the response of organizations situated in China, Hong Kong, and Thailand. Interviews with activists and researchers from organizations that address LGBT prejudice served as the main form of data. Findings and subsequent analysis point to the ways in which organizations respond to the lack of visibility of the LGBT community, and how this invisibility is related to various manifestations of LGBT prejudice. Strategies that organizations have developed to respond to LGBT prejudice reveal how organizations negotiate contextual variables in their attempts to …

New Media And Ict For Social Change And Development In China, Song Shi

Open Access Dissertations

As the country with biggest Internet population, by December 2011, China had at least 513 million Internet users. As the biggest developing country in the world, in the past three decades China experienced rapid social change and enormous economic development. The impacts of new media and ICT (Information and Communication Technology) on social change and development in China have attracted increasing attention among scholar communities. This dissertation aims to study the new media and ICT for social change and development phenomena in China. It draws upon data from my fieldwork and participant observations in the past three years as well …

Why China Grew: Understanding The Financial Structure Of Late Development, Adam S. Hersh

Open Access Dissertations

This dissertation explores how economic institutions governing finance and investment have con- tributed to growth in reform-era China. Economic and political reforms greatly transformed China's prior centrally-planned economy. Although reforms incorporated elements of market institutions and private enterprise, China's state institutions exercising extensive authority over a wide range of eco- nomic affairs critically and fundamentally played a central role in transforming this economy from one of the world's poorest to the world's second largest in the span of one generation. I explain the emergence of a unique configuration of institutions supportive of industrial policy implemented by largely autonomous local government …

The Role Of The Chinese In Lao Society, Joel Halpern

Anthropology Department Faculty Publication Series

No abstract provided.

The Role Of The Chinese In Lao Society, Joel Halpern

Joel M. Halpern

No abstract provided.