Law and Economics with Chinese Characteristics
Institutions for Promoting Development in the Twenty-First Century
Series: Initiative for Policy Dialogue;
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Product details:
- Publisher OUP Oxford
- Date of Publication 21 March 2013
- ISBN 9780199698554
- Binding Paperback
- No. of pages640 pages
- Size 233x157x32 mm
- Weight 960 g
- Language English
- Illustrations 46 Figures, 16 Tables 0
Categories
Short description:
This volume examines the role of law in economic development. It focuses on China and analyzes how the development policies and institutional characteristics of the emerging Chinese market economy might aid policymakers, in developed and developing countries, to create and reform frameworks to achieve equitable and sustained development.
MoreLong description:
Policymakers and economists largely agree that 'rule of law' and property rights are essential for a sound economic policy, particularly for most developing countries. But it is becoming increasingly apparent that transplanting legal frameworks from one society to another doesn't work - even though neoliberal orthodoxy has held that it should. China's economic development offers a backdrop for developing alternative viewpoints on these issues. In this book, economists, academics, and policymakers wade straight into the discussion, using China as a concrete reference point. The volume is the result of a series of dialogues among academics and policymakers from China and around the world. While the authors are not at all of one mind on many things, they do share the conviction that China is now entering a critical phase in its economic development and in its transition to a distinctly Chinese market economy. The essays cover a broad range of subjects that have been particularly relevant in China's growth, from property rights to social rights, corporate rights, institutions, intellectual property, and justice. Although the work thoroughly analyzes the best regulatory and institutional frameworks for China's evolving economic and political strategy, its ultimate goal is bigger: it seeks to aid policymakers in both developing and developed countries to create - or in the latter case reform - institutional and regulatory frameworks to achieve equitable and sustained development.
MoreTable of Contents:
Introduction
Part I: Conceptual Foundations
Law and Development Economics: Toward a New Alliance
Creating the Institutional Foundations for a Market Economy
Analyzing Legal Formality and Informality: Lessons from the Land-titling and Microcredit Programs
Part II: Towards Law and Development Policies with Chinese Characteristics
Section introduction
A. Property Rights
The Economics Behind Law in a Market Economy: Alternatives to the Neo-Liberal Orthodoxy
Some Caution about Property Rights as a Recipe for Economic Development
Rural Land Rights in China
The Role of Property Rights in Chinese Economic Transition
B. Intellectual Property Rights for China's Development
Institutional Design for China's Innovation System: Implications for Intellectual Property Rights
The evolution of China's IPR system and its impact on the innovative performance of MNCs and Local Firms in China
The Property and Intellectual Property Exchanges (PIPEs) in China since the 1990s
C. Corporate Rights
The China Aviation Oil Episode: Law and Development in China and Singapore
Legal Deterrence: The foundation of Corporate Governance - Evidence from China
D. Social Rights
Generosity and Participation: variations in Urban China's Minimum Livelihood Guarantee Policy
The Intergenerational Content of Social Spending: Health Care and Sustainable Growth in China
E. Labor Rights
The Hukou Reform and Unification of Rural-urban Social Welfare
Part III: Institutional Foundations for the Chinese Market Economy: The State
Section introduction
A. Decentralization
Deregulation, Decentralization and China's Growth in Transition
From Industrialization to Urbanization: The Social Consequences of Changing Fiscal Incentives on Local Government's Behavior
B. Enforcing Justice
China's Network Justice
China's Courts: Restricted Reform
