Authoritarianism and Chinese 'Success Story'
24 Pages Posted: 24 Mar 2013 Last revised: 6 Jul 2017
Date Written: March 20, 2013
In this article authors tried to review Chinese economic miracle. Majority of economists are deeply impressed by high rate of China's economic growth. They are going to search for explanations of the coming new successes of this country. The missed point of these assessments is lack of attention to the new trend of poor formalized China institutions' development . Clearly observable in the modern Peoples Republic of China deterioration of entrepreneur's personal immunity informal guaranties means broken guaranties for private property. The government failure to defend (at least not make a threat) to private property could cause negative influence on China's economic growth in very Long Run. The article original (Russian) version was published in the "Economic Policy" #6 2009 pp. 147-163
Keywords: China model, foreign direct investment, personal owners' rights informal guaranties, informal rules violation, arbitrary arrests
JEL Classification: P16, P37, P52, N45, D73
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