Journals / Amme İdaresi Dergisi / 2007 / Cilt: 40 - Sayı: 1

Transformation to a Socialist Market Economy in People's Republic of China

Çin Halk Cumhuriyeti'nde Sosyalist Piyasa Ekoomisine Dönüşüm

Pages
27–56
Publication Date
2022-10-11
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It seems that this balance disappeared after the collapse of Soviet Union could be now recreated between USA and People's Republic of China on economic power.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This article deals with the transformation process, occurring in People's Republic of China, from an economic regime based on central planning to a new order called "socialist market economy".
📊
Key Findings & Data:This process is a gradual passage of a country ruled by a communist party to a market economy under the strict control of the government.
💡
Conclusion & Impact:It seems that this balance disappeared after the collapse of Soviet Union could be now recreated between USA and People's Republic of China on economic power.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

This article deals with the transformation process, occurring in People's Republic of China, from an economic regime based on central planning to a new order called "socialist market economy". This process is a gradual passage of a country ruled by a communist party to a market economy under the strict control of the government. First, the main features and constitutional foundations of this transformation are explored; then the process is detailed in the light of economic reforms. In this context, following topics are discussed: ownership regime, rural reform, administrative and fiscal decentralization, banking reform, state-enterprises reform, planning reform, privatization of public services, and the evolution of direct foreign investments. The first conclusion is that, this process should be considered as a response of China Communist Party to the collapse of socialist system in Soviet Block, as an attempt to cope with globalization pressure and as a way taken by the Party in order to keep its legitimacy and political power. The second conclusion is that this transformation has been implemented with a manageable, strictly controlled, planned, gradual and pragmatic approach. In spite of liberalization policies, the state remains the strongest actor of country's economy, and this process reflects basic features of new public management approach. During the Cold War era the world security was dependent on "horror balance" between USA and Soviet Union. It seems that this balance disappeared after the collapse of Soviet Union could be now recreated between USA and People's Republic of China on economic power.

Özet

Bu makalede Çin Halk Cumhuriyeti 'nin (ÇHC) "merkezi planlamaya " dayalı bir ekonomik rejimden "sosyalist piyasa ekonomisi" olarak adlandırılan bir düzene dönü­şüm süreci incelenmektedir. Bu süreç, komünist parti yönetimindeki bir ülkenin, devlet kontrolünde aşama aşama piyasa ekonomisine geçişi ile nitelenebilir. İnceleme, dönü­şümün nitelikleri ile anayasal temellerinin verilmesinin ardından ekonomik reformlar çerçevesinde yapılmaktadır. Bu bağlamda, mülkiyet rejimi, kırsal reform, yönetsel ve mali desantralizasyon, bankacılık reformu, devlet işletmeleri reformu, planlamada deği­şim, kamu hizmetlerinde özelleştirme, doğrudan yabancı yatırımlar incelenmektedir. Çalışmada elde edilen sonuçlardan ilki, ÇHC'deki dönüşümün aynı zamanda, Çin Ko­münist Partisi'nin, sosyalist sistemin Sovyet Blokunda çözülüşüne ve küreselleşmeye verdiği bir yanıt ve meşruiyetini koruyarak iktidarda kalma çabası olarak okunması ge­rektiğidir. İkinci sonuç, bu dönüşümün yönetilebîlir, çok kontrollü, planlı, tedrici ve pragmatik bir yaklaşımla sürdürülmesi ve liberalleşme siyasalarına rağmen devletin hâlâ ekonominin en güçlü aktörü olmasıdır. Üçüncü olarak, bu dönüşüm kamu işletme­ciliği yaklaşımının temel özelliklerini barındırmaktadır. Soğuk Savaş döneminde dünya güvenliğini sağlayan ABD ile Sovyetler Birliği arasında var olan korkuya dayalı denge idi. Sovyetler Birliği 'nin çöküşü ile bozulan bu dengenin, ABD ile Çin Halk Cumhuriye­ti arasında bu kez ekonomik güce dayalı olarak kurulması olasıdır.

🔖

Cite This Article

SEZEN, S. (2022). Transformation to a Socialist Market Economy in People's Republic of China. Amme İdaresi Dergisi, Cilt: 40 - Sayı: 1, 27–56. https://ajindex.com/articles/435482

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (12)

  1. Adhikari, Ramesh and Yang, Yongzheng (2002), "What will WTO Membership Mean for China and its Trading Partner?", Finance and Development, Vol. 39, No: 3, September, www.imf.org/external/pubs/ft/fandd/2002/09/adhikari.htm, (07.09.2006).
  2. Amin, Samir (2005), "Theory and Practice of the Chines 'Market Socialism' Project: Is 'Market Socialism' an Alternative to Liberal Globalization?", in: The Chinese Mo­del of Modern Development, (Ed. Tian Yu Cao), Routledge, Oxon, p. 128-148.
  3. Bi, Jiyao (2005), "China's New Concept for Development", in: China in Globalizing World, United Nations, Geneva, p. 105-123.
  4. Burns John P. (1999), "The People's Republic of China at 50: National Political Re­form", in: The People's Republic of China after 50 Years, (Ed. Richard Louis Edmonds), Oxford University Press, New York, p. 18-32.
  5. Cao, Yuanzheng Yingyi Qian and Barry R. Weingast (1999), "From Federalism, Chinese Style to Privatization, Chinese Style", Economics of Transition, Volume 7/1, p. 103-131. Caulfîeld, Janice L. (2006), "Local Government in China: A Rational Actor Perspective", International Review of Administrative Sciencies, 72/2, June, p. 253-267. China Daily, 12 June 2006. China Daily Special Supplement, 9 June 2006.
  6. China Ministry of Personnel (2005), "China's Private Sector and its Development in the Sector of Public Utilities", Berlin'de, 20-23 Eylül 2005 tarihleri arasında yapılan, Uluslararası Yönetim Bilimleri Enstitüsü'nün yıllık konferansında sunulan bildiri. Constitution of the People's Republic of China, Fourth Edition,
  7. Forcing Languages Press, Beijing 1999.
  8. Dullien, Sebastian (2005), "FDI in China: Trends and Macroeconomic Challenges", in: China in a Globalizing World, United Nations, Geneva, p. 125-153.
  9. Fishman, Ted C. (2005),
  10. China Inc., Simon and Schuster UK Ltd., Great Britain. Fulin, Chi (2000), "China's Opening Policy Towards outside World", in: China's Economic Transformation Over 20 Years, (Chief Ed. Wang Mengkui), Foreign Languages Press, Beijing, p. 320-368.
  11. Gu, Edward X. (2001), "Beyond the Property Rights Approach: Welfare Policy and the Reform of State-Owned Enterprises in China", Development and Change, Vol. 32, No: 1, January, p. 129-150.
  12. He, Hai-Bing (2005), "The Marketization of Public Service in Mainland China", Ber­lin'de, 20-23 Eylül 2005 tarihleri arasında yapılan, Uluslararası Yönetim Bilimleri Enstitüsü'nün yıllık konferansında sunulan bildiri. Hou John ve Jianying, Huang (2006), "Globalization of Banking Industry and Development of Ch