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Title: The institutional contours of China’s emergent capitalism 
Author: McNally, Christopher A.
Date: 2008
Publisher: London: New York: Routledge
Citation: McNally, Christopher A. 2008. The institutional contours of China’s emergent capitalism. In China’s emergent political economy: Capitalism in the dragon’s lair, ed. Christopher A. McNally, 107-125. London and New York: Routledge.
Abstract: This chapter will undertake a more expansive analysis. It will
map the unique institutional arrangements permeating China's budding
capitalism. The focus will rest particularly on how state and capital institutionally
interact and shape China's political economy. The next section will briefly introduce the conceptual approach taken in
this chapter - the capitalist institutional lens. I will then elucidate what I
hold are the three most salient institutional contours of China's emergent
capitalism: "network capitalism"; the rapid absorption of China into the
"new global capitalismn; and the distinctive role of state institutions in
China's capitalist development. In the concluding remarks I will comment
on China's long historical trajectory and argue that contemporary statecapital
relations possess certain parallels to those characterizing China's
imperial political economy over the past 1,000 years. However, due to the
contemporary international environment this historical trajectory is likely
to be broken.
Pages/Duration: p. 107-125 pages
LC Subject Headings: China - Economic conditions
China - Economic policy
China - Politics and government
Capitalism - China

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