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The future of the Chinese Miracle: Will neo-statist SOEs persist in China's development model?

Gerritsen, Rolf, Zeng, Benxiang and Gerritsen, Dan (2014). The future of the Chinese Miracle: Will neo-statist SOEs persist in China's development model?. Australasian Journal of Regional Studies,20(2):258-285.

Document type: Journal Article
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IRMA ID 84279116xPUB205
Title The future of the Chinese Miracle: Will neo-statist SOEs persist in China's development model?
Author Gerritsen, Rolf
Zeng, Benxiang
Gerritsen, Dan
Journal Name Australasian Journal of Regional Studies
Publication Date 2014
Volume Number 20
Issue Number 2
ISSN 1324-0935   (check CDU catalogue open catalogue search in new window)
Start Page 258
End Page 285
Total Pages 28
Place of Publication Australia
Publisher Regional Science Association * Australian and New Zealand Section
HERDC Category C1 - Journal Article (DIISR)
Abstract Development theorists have long debated the economic role of the state. With regard to contemporary China, this debate has been manifested in the opposition between neo-liberal and neo-statist paradigms, in particular the role of state-owned enterprises (SOEs) in the Chinese economic 'miracle'. Neo-liberals, especially the Western financial media, have portrayed these enterprises as dinosaurs, restricting rather than contributing to economic development. However, the success of the state policies of zhua da, fang xiao ('grasp the large, let go of the small') and the move to 'Go Global', as well as the successful resistance to both the Asian Financial Crisis and the recent Global Financial Crisis, means that state-owned industry has remained central to China's 'miracle' growth and trade policy. Though more nuanced than popularly presented, the issue remains: will these SOEs survive China's future transition to demographic deficit and slower economic growth? We predict that they will.
Keywords China
Neo-statism
State-owned enterprises
Description for Link Link to publisher's version
URL http://search.informit.com.au/documentSummary;dn=494677937568559;res=IELHSS
 
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Created: Wed, 19 Aug 2015, 12:21:42 CST