Authoritarianism and Chinese 'Success Story'

Chapter 8 in the book Yanovskiy K., Lisin V. et al. "Institucionalnye ogranichenia sovremenogo ekonomicheskogo rosta" - Institutional Constraints on Modern Economic Growth – “Delo” Publishing House Moscow, 2011

18 Pages Posted: 11 Mar 2021

See all articles by Dmitry Maslov

Dmitry Maslov

Gaidar Institute for Economic Policy

Konstantin Yanovskiy

Shomron Center for Economic Policy Research

Date Written: October 19, 2011

Abstract

The paper is an English draft version of the text previously published in Chapter 8 in the book "Institucionalnye ogranichenia sovremenogo ekonomicheskogo rosta" - Institutional Constraints on Modern Economic Growth – “Delo” Publishing House Moscow, 2011 In this chapter, the authors tried to review the Chinese economic miracle. The majority of economists are deeply impressed by the 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 the 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 guarantees means broken guarantees for private property. The government's failure to defend (at least not make a threat) to private property could cause a negative influence on China's economic growth in a very Long Run.

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' (October 19, 2011). Chapter 8 in the book Yanovskiy K., Lisin V. et al. "Institucionalnye ogranichenia sovremenogo ekonomicheskogo rosta" - Institutional Constraints on Modern Economic Growth – “Delo” Publishing House Moscow, 2011, Available at SSRN: https://ssrn.com/abstract=3769178 or http://dx.doi.org/10.2139/ssrn.3769178

Dmitry Maslov

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Konstantin (Moshe) Yanovskiy (Contact Author)

Shomron Center for Economic Policy Research ( email )

Kley Shir 8
Karney Shomron, 44855

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