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Authoritarianism and Chinese 'Success Story'

24 Pages Posted: 24 Mar 2013 Last revised: 6 Jul 2017

Dmitry Maslov

Gaidar Institute for Economic Policy

Konstantin Moshe Yanovskiy

Gaidar Institute for Economic Policy

Date Written: March 20, 2013

Abstract

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

Suggested Citation

Maslov, Dmitry and Yanovskiy, Konstantin Moshe, Authoritarianism and Chinese 'Success Story' (March 20, 2013). Available at SSRN: https://ssrn.com/abstract=2236329 or http://dx.doi.org/10.2139/ssrn.2236329

Dmitry Maslov

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Konstantin Yanovskiy (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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