Law And Economics With Chinese Characteristics: Institutions For Promoting Development In The Twenty-first Century (initiative For Policy Dialogue)
by Joseph E. Stiglitz /
2013 / English / PDF
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Policymakers and economists largely agree that "rule of law" and
property rights are essential for a sound economic policy,
particularly for most developing countries. But it is becoming
increasingly apparent that transplanting legal frameworks from one
society to another doesn't work--even though neoliberal orthodoxy
has held that it should. China's economic development offers a
backdrop for developing alternative viewpoints on these issues. In
this book, economists, academics, and policymakers wade straight
into the discussion, using China as a concrete reference point. The
volume is the result of a series of dialogues among academics and
policymakers from China and around the world. While the authors are
not at all of one mind on many things, they do share the conviction
that China is now entering a critical phase in its economic
development and in its transition to a distinctly Chinese market
economy. The essays cover a broad range of subjects that have been
particularly relevant in China's growth, from property rights to
social rights, corporate rights, institutions, intellectual
property, and justice. Although the work thoroughly analyzes the
best regulatory and institutional frameworks for China's evolving
economic and political strategy, its ultimate goal is bigger: it
seeks to aid policymakers in both developing and developed
countries to create--or in the latter case reform--institutional
and regulatory frameworks to achieve equitable and sustained
development.
Policymakers and economists largely agree that "rule of law" and
property rights are essential for a sound economic policy,
particularly for most developing countries. But it is becoming
increasingly apparent that transplanting legal frameworks from one
society to another doesn't work--even though neoliberal orthodoxy
has held that it should. China's economic development offers a
backdrop for developing alternative viewpoints on these issues. In
this book, economists, academics, and policymakers wade straight
into the discussion, using China as a concrete reference point. The
volume is the result of a series of dialogues among academics and
policymakers from China and around the world. While the authors are
not at all of one mind on many things, they do share the conviction
that China is now entering a critical phase in its economic
development and in its transition to a distinctly Chinese market
economy. The essays cover a broad range of subjects that have been
particularly relevant in China's growth, from property rights to
social rights, corporate rights, institutions, intellectual
property, and justice. Although the work thoroughly analyzes the
best regulatory and institutional frameworks for China's evolving
economic and political strategy, its ultimate goal is bigger: it
seeks to aid policymakers in both developing and developed
countries to create--or in the latter case reform--institutional
and regulatory frameworks to achieve equitable and sustained
development.