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52. Local Governments and the Chinese Stock Market
- Author:
- Mary Comerford Cooper
- Publication Date:
- 04-2003
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- This paper examines a key aspect of the politics of stock markets in China—the distinct differences in interests between central government leaders and local governments. Central government leaders have a powerful incentive to promote macroeconomic stability and good performance of the stock market. Local leaders, for their part, are less concerned with the overall performance of the stock market than with gaining access to the stock market for companies under their own jurisdiction. The paper demonstrates that company listing brings tangible economic benefits to municipalities. Listed companies are associated with higher levels of gross domestic product (GDP), budgetary revenue, and industrial and commercial tax revenue. Therefore, it is not surprising that local officials put substantial effort into lobbying for the right to list additional companies on the national stock exchanges.
- Topic:
- Communism, Democratization, Economics, and Government
- Political Geography:
- China and Asia
53. International Organizations and Democratization: Testing the Effect of GATT/WTO Membership
- Author:
- Mary Comerford Cooper
- Publication Date:
- 04-2003
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Does the World Trade Organization promote democracy? A large part of the heated and protracted debate over China's application for WTO membership revolved around this question. Prior to China's WTO accession in December 2001, this debate had dragged on for nearly fifteen years. While one side argued that WTO membership would promote democratization in China, others argued that the wealth generated through economic integration would provide the resources to maintain authoritarian rule. Only time will tell whether WTO accession will contribute to pressures for democratization in China. In the meantime, however, this paper examines the empirical basis for these competing claims about the effects of GATT/WTO memberships on domestic political systems. Based on statistical analysis of a global data set, this paper concludes that members of the international trade regime are more likely than nonmembers to be democracies. However, there is little evidence that WTO membership in itself can promote democratic transition. Instead, it appears to be the case that democratic countries are more likely to seek to join the WTO.
- Topic:
- Communism, Democratization, Economics, and Government
- Political Geography:
- China and Asia
54. Politics and Property in Transitional Economies: A Theory of Elite Opportunity
- Author:
- Andrew G. Walder
- Publication Date:
- 04-2003
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Command economies gave communist-era elites administrative control and material privilege but severely restricted money income and private wealth. Markets and privatization inject new value into public assets and create unprecedented opportunities for elite insiders to extract incomes or assume ownership. These opportunities vary with the extensiveness of regime change and the barriers to asset appropriation. Within these limits, they further vary with the concentration and form of economic assets and structural changes induced by reform. Elite advantages are smallest where regime change is extensive and barriers to asset appropriation are high, and in small-scale economies that grow rapidly. In China, there has been no regime change and privatization has been delayed and slow. In the rural economy, elites keep their posts as a source of economic advantage, while low entry barriers to household enterprise and rapid growth have created new entrepreneurial elites. After two decades, rural officials nonetheless enjoy large net income advantages that grow along with the expansion of labor markets and private entrepreneurship. These are not generic outcomes of market reform, but the product of market reform in distinctive political and structural conditions.
- Topic:
- Communism, Economics, Government, and International Trade and Finance
- Political Geography:
- China and Asia
55. Globalization and the Development of Welfare States in Post-Communist Europe
- Author:
- Mitchell Orenstein and Martine R. Hass
- Publication Date:
- 02-2002
- Content Type:
- Working Paper
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- How has globalization influenced welfare state development in postcommunist Europe? We focus on the leading East-Central European accession states, Poland, the Czech Republic, and Hungary, and show that these states have experienced radically different welfare state developments since 1989 from their neighbors in the former Soviet Union. The first pa rt of the paper proposes that these divergent paths can be explained by a “Europe effect”. We argue that the effects of globalization have differed greatly, depending on a country's position in the international economy and geopolitical relations. We demonstrate that countries closer to the European Union have used welfare state programs to compensate citizens for the traumas of system transition and economic openness, while the welfare systems in the former Soviet states have collapsed to a far greater extent, in terms of spending and effectivness.
- Topic:
- Communism, Globalization, and Government
- Political Geography:
- Europe, Eastern Europe, Poland, Soviet Union, Hungary, and Czech Republic
56. Political Office, Kinship, and Household Wealth in Rural China
- Author:
- Andrew G. Walder and Litao Zhao
- Publication Date:
- 12-2002
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- For more than two decades after the demise of Maoist collectivism, a resurgent market economy has deeply transformed the social structure of rural China. By the mid-1980s, peasant households had already returned to historical marketing patterns of agricultural produce and other sidelines and services. By the turn of the century, almost 140 million individuals, or 30 percent of the rural labor force, earned regular incomes from wage labor outside agriculture. Twenty million rural households had registered individual family enterprises, and two million of them had already grown into substantial private firms. A massive rural industrial sector grew up under public ownership in the 1980s, employing more than 80 million at its height. It was then extensively privatized in the 1990s, and is now less than half its former size. While these developments have been widely noted in studies of rural industrialization and income inequality, it is still far from clear how they have altered the structure and wealth of village political and economic elites.
- Topic:
- Communism, Economics, and Politics
- Political Geography:
- China and Asia
57. Privatization and Elite Mobility: Rural China, 1979-1996
- Author:
- Andrew G. Walder
- Publication Date:
- 07-2002
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The ideal types that motivate research on transitional economies have led to a neglect of the varied mechanisms that generate social change. One example is the implicit treatment of privatization as a single process whose initial impact will become more pronounced through time. Privatization in fact occurs via distinct mechanisms that have different consequences across types of assets and through time, as shown in an analysis of career trajectories over two decades in rural China. During the first decade, when privatization proceeded via the rapid expansion of household enterprise, ordinary individuals with nonagricultural work experience were the most likely to become private entrepreneurs. Village officials, their relatives, and public enterprise managers did not enter the private sector at rates higher than others. However, during the second decade the privatization of public enterprises began to transfer collective assets to individual ownership. During this period, public enterprise managers and the relatives of cadres emerged as the most likely to become private entrepreneurs. Private entrepreneurs, however, have yet to move into cadre posts, and cadres have yet to move into private entrepreneurship, at rates higher than others. Administrative elites have therefore proven resilient in the face of private-sector expansion, and the benefits of privatization have gradually shifted in their favor.
- Topic:
- Communism and Economics
- Political Geography:
- China and Asia
58. Fear, Security and the Apocalyptic World View: The Cold War's Cultural Impact and Legacy
- Author:
- Paul S. Boyer
- Publication Date:
- 03-2001
- Content Type:
- Working Paper
- Institution:
- Clarke Forum for Contemporary Issues
- Abstract:
- In 1967, Louis Halle published a book called The Cold War as History. If that title seemed jarring and premature in 1967, it would simply appear obvious and conventional today. The Cold War is receding from our collective consciousness with breathtaking rapidity. Cold War encyclopedias are appearing; an Oxford Companion to the Cold War will doubtless arrive at any moment. To the college freshmen of 2000 — seven years old when Ronald Reagan left the White House — the Cold War is merely a chapter in a textbook, an hour on the History Channel, not lived experience.
- Topic:
- Security, Foreign Policy, Cold War, and Communism
- Political Geography:
- Russia and United States
59. The Internet and State Control in Authoritarian Regimes: China, Cuba, and the Counterrevolution
- Author:
- Shanthi Kalathil and Taylor C. Boas
- Publication Date:
- 07-2001
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- It is widely believed that the Internet poses an insurmountable threat to authoritarian rule. But political science scholarship has provided little support for this conventional wisdom, and a number of case studies from around the world show that authoritarian regimes are finding ways to control and counter the political impact of Internet use. While the long-term political impact of the Internet remains an open question, we argue that these strategies for control may continue to be viable in the short to medium term.
- Topic:
- Communism, Government, Science and Technology, and Sovereignty
- Political Geography:
- China and Asia
60. The Myth of Output Collapse after Communism
- Author:
- Anders Åslund
- Publication Date:
- 03-2001
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- According to official statistics, output plunged in almost all Soviet-type countries toward the end of communism. Then in the first year of transition, the plunges turned even more dramatic, continuing for years. The total registered declines in GDP range from 13 percent in the Czech Republic from 1989 to 1992 to 77 percent in Georgia from 1989 to 1994. This collapse has been widely proclaimed as the worst depression in the industrialized world, exceeding the Great Depression of 1929–33. Both communist and post-communist statistics are deeply flawed, however—and in different ways.
- Topic:
- Communism and Economics
- Political Geography:
- Eastern Europe