Reshaping State-Business Relations in China's Socialist Market Economy: From Horizontal Transition to Vertical Embeddedness of Plan and Market

• In Event: JSS SESSION: Economic Development in Asia

Brief Overview

This paper contends that the enhanced roles of market mechanisms in contemporary China are not the result of economic transition from state-directed planning to a market-driven economy, but the layered vertical integration of plan and market.

Author

• Yongshin Kim, Sejong University