Unmaking China's Development: The Function and Credibility of Institutions

ISBN-13: 9781107094109 / Angielski / Twarda / 2017 / 336 str.

Peter Ho

Opis

A ground-breaking new study of China's development paradox - predicated on informal and ambiguous institutions - through property and resources.

Recenzje

'This is an important book on many dimensions. Peter Ho draws on his extensive empirical research in China to construct a convincing and highly original theory challenging the basic neo-liberal assumption that clear, formal property rights are a necessary precondition for development. Ho points out that the fifth of the world's population living in China experienced the largest economic boom in history with murky and ambiguous ownership rules. He argues that persistence of institutions shows they perform useful functions and are credible. … Ho's conclusions call into question the many costly efforts by international organizations and national governments (including China) to clarify ownership rules. They demand a new, more culturally sensitive approach to harmonizing informal belief systems and ambiguous, but credible, property rights systems.' Richard LeGates, Summit Professor of Urban Planning, Tongji University, Shanghai

Spis treści

Introduction: an archaeology of institutions; 1. Institutional change in China's development: myths of tenure security and titling; 2. In defense of endogenous development: urban and rural land markets; 3. The 'Credibility Thesis' and its application to property rights; 4. A theorem on dynamic disequilibrium: debunking path dependence and equilibrium; 5. Understanding informality and insecurity: empiricism as basis for institutionalism; 6. Making and unmaking the property bubble: boom, bust and unintended welfare?; 7. Empty institutions, non-credibility and power: the grazing ban and mining; Conclusion: theoretical implications for capital, labor and beyond.