States, Intergovernmental Relations, and Market Development
Subtitle: Comparing Capitalist Growth in Contemporary China and 19th Century United States
Publisher: Palgrave Macmillan
Published: May 17, 2018
Language: eng
Format: hardcover
Number of pages: 233
ISBN-13: 9781137590916
Description: This book is a theoretical and empirical analysis of institutional foundation of long-term economic growth from the perspective of state-market and central-local relations. The book argues that, in order to safeguard sustainable market development. it is necessary to centralize certain functions of the state to overcome local predatory governmental rulings, and to decentralize others to increase local governmental market incentives, simultaneously. This institutional approach is conceptualized as "Dual Intergovernmental Transformation for Market Development" (DITMD). This book develops the DITMD model through an in-depth empirical comparison on contemporary China and the 19th-century United States.
Notes: Source title: States, Intergovernmental Relations, and Market Development: Comparing Capitalist Growth in Contemporary China and 19th Century United States (Governing China in the 21st Century)