Marketization and Party-State Transformation

How the Communist Party of China Outmaneuvered the Washington Consensus
1. Auflage 2026
ISBN: 978-1-041-41319-6
Verlag: Taylor & Francis Ltd

Buch, Englisch, 280 Seiten, Format (B × H): 156 mm x 234 mm

When the Berlin Wall fell in 1989, the Communist Party of China faced terminal crisis — yet it averted collapse and engineered history’s most dramatic economic ascent by rejecting Washington’s prescriptions for liberal democratic transition and transforming the party-state into a Socialist Developmental State.

Formalizing the political logic of China’s marketization through a political economy model of endogenous talent allocation, the book demonstrates that the core instrument of the party-state’s transformation was not industrial policy but cadre policy. The strategic management of officials, shaped by leadership dynamics at the apex of the party, created the institutional impetus that drove China’s Socialist Big Push. Furthermore, the proposed framework contributes to the understanding of China’s post-2012 trajectory under Xi Jinping in relation to China’s growth momentum and political dynamics.

The book will appeal to scholars and students of comparative political economy, economic development, and Chinese politics, as well as policymakers with a focus on Sino-US competition in the age of AI.

Zielgruppe

Postgraduate and Professional Reference

Autoren/Hrsg.

Xiao, Kezhou

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Studien zu einzelnen Ländern und Gebieten
• Sozialwissenschaften Politikwissenschaft Politische Systeme Vergleichende Politikwissenschaft

Inhaltsverzeichnis

1 Introduction: China as a Post-Cold War World Outlier 2 A Proposed Framework: Marketization and Party-State Transformation 3 The Making of a Socialist Developmental State: Endogenous Talent Reallocation and Statecraft of Marketization 4 Technocrats, Technopols, and the Politics of Market Reform: Commission Rivalry and the Forging of the Socialist Developmental State 5 Fostering Quality Market Institutions: The Central Advisory Commission and the Four Modernizations of Cadres 6 Conclusion: Possible Future

Über Autor(innen)

Kezhou Xiao is Assistant Professor at the Institute of Guangdong, Hong Kong and Macao Development Studies, Sun Yat-sen University. His research examines the political economy of China’s reform and development, focusing on state-business relations, cadre policy, and party-state transformation. He received his Ph.D. in Economics from the London School of Economics and Political Science.