Institutional Change And Adaptive Efficiency A Study Of China S Hukou System Evolution
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Institutional Change And Adaptive Efficiency: A Study Of China's Hukou System Evolution
Since the 1990s, neo-institutionalists have posited that 'institutions matter'. However, they overlook one important issue: the ways institutions change also matters. Numerous academic studies have identified 'good' and 'bad' institutions, but little has been written about effective methods of transforming 'bad' institutions so that they enhance economic performance. To fill this gap, this book reframes the approach of neo-institutional economics to analyze institutions' role and evolution, focusing on the interaction between the household registration (hukou) system evolution and economic transformation.The authors apply an endogenous and dynamic perspective. First, the theory of endogenous institutional change illustrates how the drivers of hukou system evolution differ in the pre-reform and reform eras. Second, the theory of adaptive efficiency evaluates the evolution of the system's institutional efficiency. Finally, the authors were able to test the impact of the hukou reform on urban economic growth by examining local experimentation, helping explain the current 'stickiness' of the system.At the heart of hukou reform lies the question of how to deal with the link between hukou and welfare provision. This book will offer policymakers a better understanding of institutional change in dynamic economic contexts, helping them enhance economic performance.
China’s Transition to a New Phase of Development
The Chinese economy is currently undergoing fundamental changes. In this context, the 2022 China Update examines the key characteristics of China’s transition towards a new phase of economic growth and development. This year’s update book covers a range of diverse topics that reflect the complex and changing nature of the economy. It explores critical questions: Why does China need a new development paradigm, and what is the best way to achieve it? What are China’s choices when faced with the restructuring of global industrial value chains? What key roles will domestic consumption play in the next phase of China’s development? What does the digital transformation mean for the Chinese economy? What has been the domestic impact of the Covid-19 pandemic on income inequality and labour market outcomes? What pathways exist for China in its transition towards carbon neutrality? How does China’s emissions-trading market compare with that of Europe? How will China’s carbon neutrality strategy affect the Australian economy? What are the political factors influencing bilateral trade flows between China and its trading partners? And what is at stake for China–US relations?
Governance and Politics of China
The success or failure of China's development will impact not only its own citizens but also those of the world. China is widely recognized as a global actor on the world stage and no global challenge can be resolved without its participation. It is important to understand how the country is ruled and what its policy priorities are. Can China move to a more market-based economy, while controlling environmental degradation? Can it integrate hundreds of millions of new migrants into the urban landscape? The tensions between communist and capitalist identities continue to divide society as China searches for a path to modernization. In this revised fifth edition and essential guide to the subject, Tony Saich delivers a thorough introduction to all aspects of politics and governance in post-Mao China, taking full account of the changes of the 20th Party Congress and the 13th National People's Congress as well as the situation in Hong Kong and current debates in Chinese society.