Research Catalog

China's crony capitalism : the dynamics of regime decay / Minxin Pei.

Title: China's crony capitalism : the dynamics of regime decay / Minxin Pei.
Author: Pei, Minxin
Publication: Cambridge, Massachusetts : Harvard University Press, 2016.

Items in the Library & Off-site

Filter by

1 Item

Item details
Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Request in advance	JQ1509.5.C6 P45 2016	Off-site

Holdings

Details

Description

365 pages; 22 cm.

Summary

"When Deng Xiaoping launched his economic reforms in the late 1970s, he vowed to build "socialism with Chinese characteristics." Three and half decades later, behind its rapid growth and glitzy façade, modernization under one-party rule has spawned a form of rapacious crony capitalism characterized by endemic corruption, an incipient kleptocracy, record income inequality, and high social tensions. This book traces the origin of China's crony capitalism to a set of incomplete reforms of property rights in the post-Tiananmen era that have decentralized the control of public property without clarifying its ownership. This combination has created an ideal environment for political and economic elites to collude and amass private wealth through systematic theft of nominally state-owned property, in particular land, natural resources, and state-owned enterprises (SOEs). Based on illuminating details from 260 well-researched cases of corruption involved multiple officials and businessmen since the early 1990s, this study investigates how collusion among elites has penetrated the vital sectors of the Chinese political and economic systems. These cases reveal a well-developed illicit market for power inside the Chinese party-state, in which bribes and official appointments are surreptitiously but routinely traded. They also document the widespread theft inside Chinese SOEs and collusion between law enforcement officials and organized crime. Above all, through its in-depth analysis of the exchange of money for favors between government officials and private businessmen, the study shines a spotlight on the dark world of crony capitalism in China - and a Leninist regime in late-stage decay."--

Subject

Bibliography (note)

Includes bibliographical references and index.

Processing Action (note)

committed to retain

Contents

The origin of crony capitalism: how institutional changes incentivize corruption -- The soil of crony capitalism: where corruption thrives -- Public office for sale: an illicit market for political power -- Cronyism in action: collusion between officials and businessmen -- Stealing from the state: collusive corruption in state-owned enterprises -- In bed with the mafia: collusion between law enforcement and organized crime -- The spread of collusion: the party-state in decay.

ISBN

9780674737297
0674737296

LCCN

^^2016002392
40026548587

OCLC

937368077
SCSB-10983981

Owning Institutions

Harvard Library