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
- Part III Law and Political Economy in Corporate China
- 6 Corporate Governance under Market Experimentation
- 7 Corporate Governance under State Capitalism
- 8 Legally Politicized Corporate Governance
- 9 Legally Politicized Corporate Governance as a Functional Alternative
- Conclusions
- Appendix – Methodology and Data Selection
- Index
6 - Corporate Governance under Market Experimentation
from Part III - Law and Political Economy in Corporate China
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
- Part III Law and Political Economy in Corporate China
- 6 Corporate Governance under Market Experimentation
- 7 Corporate Governance under State Capitalism
- 8 Legally Politicized Corporate Governance
- 9 Legally Politicized Corporate Governance as a Functional Alternative
- Conclusions
- Appendix – Methodology and Data Selection
- Index
Summary
The chapter, termed Legalized Politicization Era (2010–present), examines the role of law in securing a new political–economic equilibrium. In this era, the consequences of state capitalism, China’s economic turning point, and a legitimacy crisis in the Party-state’s rule, advanced the use of law in two directions: intensifying the presence of the regulatory state in the market on the one hand while shifting market governance powers directly to the CCP itself on the other. The chapter describes how in these developments the law has been assigned a meaningful and more explicit role in steering capital flows and structuring markets. It argues that taking notice of the two functions of law has become ever more relevant.
Keywords
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- Information
- Law and Political Economy in ChinaThe Role of Law in Corporate Governance and Market Growth, pp. 107 - 125Publisher: Cambridge University PressPrint publication year: 2023