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Dancing with the devil : the political economy of privatization in China

Privatization as a Process of Endogenous Institutional Change: Toward an Eclectic PerspectiveDriving Forces of PrivatizationLocal Rule Bending and National Policy Constraints and ChangesThe Political Benefits of Soft Budget Constraints, and Then SomeThe Entry and Expansion of FDISummaryPolitical Actors as Change Agents: The Main StorylineNote on Statistical Analyses, Data Sources, and Chinese MaterialsThe Changing Fate of Private Ownership since 1949Socialist Transformation and the Mao EraFrom Getihu to "Equal Protection" of Public and Private Property RightsReversal or Moderation of Privatization?Broad Trends of ChangeEvolution of Ownership-Based ClassificationsMeasurement Issues and General PatternsSummary and QuestionsDemographic PressuresStructure and Change of the Post-1949 PopulationBuildup of Employment PressuresLabor Market: Occupational and Spatial MovementsAging and Old-Age SupportSummaryThe Evolving Structure of Public Finance"Unified Revenue and Spending"Fiscal ContractsRevenue PartitioningImplicationsCareerism and Moral Hazard in Early MarketizationLarge Is Beautiful: Political Performance Assessment under Economic DecentralizationThe TVE SpectacleThe SOE SideshowSummaryRule Bending for the Necessary EvilUneven Paces of Early PrivatizationThe Wenzhou Story RetoldSurviving SocialismThe "Wenzhou Model" of (Early) PrivatizationBeyond WenzhouSummaryFDI and PrivatizationCentrally Imposed Constraints and Local Rule BendingFDI Entry Mode and Resource DependenceBipolar Concentration of Risk TakingSummaryThe Tipping Point and BeyondThe TriggersThe Political BandwagonVariations among SOEsVariations among TVEsFrom Industrial Development to UrbanizationAsset Stripping and Insider ControlThe End Game: SASAC and the Remaining SOEsSummaryInstitutional Stability and Unintended Consequences of Rule ComplianceNoncompliance and Political Risk ManagementPath Dependence in Endogenous Institutional ChangeBibliography

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