(A Study on State-Owned Enterprises Reform in China)

Moon, Ik Joon; Lee, Chang Kyu; Choi, Pil Soo; Na, Su Yeob; Lee, Hyo-jin

doi:10.2139/ssrn.2621322

Cited by 1 publication

(2 citation statements)

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“…They built a socialist economic system with a state‐led economy through socialist overhauls such as the nationalization and collectivization of agriculture, the handicrafts industry, and capitalist commerce during the first five‐year plan period (1953‐57). During this time, China's industrialization was promoted by government investment through SOEs under central government control, reorganizing most of the telecommunications and other infrastructure‐related businesses, including railway and transportation as well as the industrial sectors of power, coal, iron, and steel into the national economy (Moon ; Song and An ).…”

Section: Political Dynamics and Economic Institutional Changes In Chinamentioning

confidence: 99%

“…The establishment of modern corporations as a part of the second SOE reform was conceived to clarify ownership, classify rights and responsibilities, and to establish management mechanisms to meet the market demands imposed by corporatizing state‐owned companies ( 公司制 , gongsizhi) and standardizing corporate and limited companies. It initially tested the modern corporations on 100 companies on a pilot basis from November 1994 (Jeong ; Moon ).…”

Section: Political Dynamics and Economic Institutional Changes In Chinamentioning

confidence: 99%

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Exogenous Effects of Paths of Institutional Change and Adaptive Informal Institutions in China and North Korea

Lee

2019

Politics & Policy

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China and North Korea's communist parties initially built their institutions with Soviet economic aid. Though these institutions facilitated the process of solidifying one‐party rule in China and North Korea, the two countries’ marketization has taken a different path. Unlike China, which had managed a gradual and stable marketization process, changes in North Korea's economic system have been driven by several unintended—but related—domestic factors such as a weakened central rationing system, the proliferation of black markets, and a weakened national pricing system. North Korea has attempted to absorb its informal markets into formal ones through some measures, but it has repeatedly returned to employing market control mechanisms. This article seeks to explain why the two socialist countries, China and North Korea, which were both receiving political and economic support from the Soviet Union when they established their respective institutions, pursue such different paths of institutional reform. Related Articles Byrne, Caitlin. 2017. “Introduction to the Special Issue: Recasting Soft Power for the Indo‐Pacific.” Politics & Policy 45 (5): 684‐705. https://doi.org/10.1111/polp.12224 Cho, Sungik, and Yool Choi. 2017. “Convergent or Divergent? The Hidden Dynamics of Institutional Changes in the Labor Markets and Social Welfare Systems in South Korea and Japan.” Politics & Policy 45 (4): 594‐625. https://doi.org/10.1111/polp.12208 Holbig, Heike, and Bruce Gilley. 2010. “Reclaiming Legitimacy in China.” Politics & Policy 38 (3): 395‐422. https://doi.org/10.1111/j.1747-1346.2010.00241.x

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Section: Political Dynamics and Economic Institutional Changes In Chinamentioning

confidence: 99%

Section: Political Dynamics and Economic Institutional Changes In Chinamentioning

confidence: 99%

Exogenous Effects of Paths of Institutional Change and Adaptive Informal Institutions in China and North Korea

Lee

2019

Politics & Policy

View full text Add to dashboard Cite

show abstract

(A Study on State-Owned Enterprises Reform in China)

Cited by 1 publication

References 40 publications

Exogenous Effects of Paths of Institutional Change and Adaptive Informal Institutions in China and North Korea

Exogenous Effects of Paths of Institutional Change and Adaptive Informal Institutions in China and North Korea

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