Book contents
- Law and Political Economy in China
- ASCL Studies in Comparative Law
- Law and Political Economy in China
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- Acknowledgments
- About the Book
- Abbreviations
- Introduction
- Part I Economic Development and the Role of Law
- Part II China’s Development Trajectory and the Role(s) of Law
- 3 Early Reform Era (December 1978–1991)
- 4 Legal Modernization Era (1992–2009)
- 5 Legalized Politicization Era (from 2010 to Present)
- Concluding Part II
- Part III Law and Political Economy in Corporate China
- Conclusions
- Appendix – Methodology and Data Selection
- Index
Concluding Part II
from Part II - China’s Development Trajectory and the Role(s) of Law
Published online by Cambridge University Press: 10 August 2023
- Law and Political Economy in China
- ASCL Studies in Comparative Law
- Law and Political Economy in China
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- Acknowledgments
- About the Book
- Abbreviations
- Introduction
- Part I Economic Development and the Role of Law
- Part II China’s Development Trajectory and the Role(s) of Law
- 3 Early Reform Era (December 1978–1991)
- 4 Legal Modernization Era (1992–2009)
- 5 Legalized Politicization Era (from 2010 to Present)
- Concluding Part II
- Part III Law and Political Economy in Corporate China
- Conclusions
- Appendix – Methodology and Data Selection
- Index
Summary
Chapter 4 examines legal configurations of political power dynamics during the Legal Modernization Era (ca. 1992–2010) – a golden age for legal reformers in China. The chapter reviews the development of significant national-level economic laws and regulations that gradually replaced many of the fragmented and probationary rules used earlier. The analysis of legal and policy documents suggests that the use of law in this period was consciously directed in two main directions: the use of law to structure and support the creation of markets (i.e., the economic function) and the use of law to reconfigure governance capacities and boost more centralized market regularity within the Party-state system (i.e., the political function). These two functions of law also set the foundation for what is known today as China’s state capitalism and its dominance in the domestic and international markets.
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- Law and Political Economy in ChinaThe Role of Law in Corporate Governance and Market Growth, pp. 100 - 102Publisher: Cambridge University PressPrint publication year: 2023