Law and Economics with Chinese Characteristics: Institutions for Promoting Development in the…

Paperback | April 5, 2013

EditorDavid Kennedy, Joseph E. Stiglitz

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Policymakers and economists largely agree that 'rule of law' and property rights are essential for a sound economic policy, particularly for most developing countries. But it is becoming increasingly apparent that transplanting legal frameworks from one society to another doesn't work - eventhough neoliberal orthodoxy has held that it should. China's economic development offers a backdrop for developing alternative viewpoints on these issues. In this book, economists, academics, and policymakers wade straight into the discussion, using China as a concrete reference point. The volume is the result of a series of dialogues among academics and policymakers from China and around the world. While the authors are not at all of one mind on manythings, they do share the conviction that China is now entering a critical phase in its economic development and in its transition to a distinctly Chinese market economy. The essays cover a broad range of subjects that have been particularly relevant in China's growth, from property rights to social rights, corporate rights, institutions, intellectual property, and justice. Although the work thoroughly analyzes the best regulatory and institutional frameworks forChina's evolving economic and political strategy, its ultimate goal is bigger: it seeks to aid policymakers in both developing and developed countries to create - or in the latter case reform - institutional and regulatory frameworks to achieve equitable and sustained development.

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Policymakers and economists largely agree that 'rule of law' and property rights are essential for a sound economic policy, particularly for most developing countries. But it is becoming increasingly apparent that transplanting legal frameworks from one society to another doesn't work - eventhough neoliberal orthodoxy has held that it ...

David Kennedy joined the Harvard Law faculty in 1981 and holds a Ph.D. from the Fletcher School at Tufts University and a J.D. from Harvard. He has worked on numerous international projects as an attorney, including work with the United Nations, the Commission of the European Union, and with the private firm of Cleary, Gottlieb, Steen...

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Format:PaperbackDimensions:652 pages, 9.21 × 6.14 × 0.07 inPublished:April 5, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199698554

ISBN - 13:9780199698554

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Table of Contents

David Kennedy and Joseph E. Stiglitz: IntroductionPart I: Conceptual Foundations1. David Kennedy: Law and Development Economics: Toward a New Alliance2. Joseph E. Stiglitz: Creating the Institutional Foundations for a Market Economy3. Antara Haldar and Joseph E. Stiglitz: Analyzing Legal Formality and Informality: Lessons from the Land-titling and Microcredit ProgramsPart II: Towards Law and Development Policies with Chinese CharacteristicsSection introductionA. Property Rights4. Joseph E. Stiglitz: The Economics Behind Law in a Market Economy: Alternatives to the Neo-Liberal Orthodoxy5. David Kennedy: Some Caution about Property Rights as a Recipe for Economic Development6. Roy Prosterman: Rural Land Rights in China7. Kenneth Ayotte and Patrick Bolton: The Role of Property Rights in Chinese Economic TransitionB. Intellectual Property Rights for China's Development8. Joseph E. Stiglitz: Institutional Design for China's Innovation System: Implications for Intellectual Property Rights9. Zheng Liang and Lan Xue: The evolution of China's IPR system and its impact on the innovative performance of MNCs and Local Firms in China10. Heping Cao: The Property and Intellectual Property Exchanges (PIPEs) in China since the 1990sC. Corporate Rights11. Curtis J. Milhaupt and Katharina Pistor: The China Aviation Oil Episode: Law and Development in China and Singapore12. Zhong Zhang: Legal Deterrence: The foundation of Corporate Governance - Evidence from ChinaD. Social Rights13. Qin Gao and Carl Riskin: Generosity and Participation: variations in Urban China's Minimum Livelihood Guarantee Policy14. Jean-Paul Fitoussi and Francesco Saraceno: The Intergenerational Content of Social Spending: Health Care and Sustainable Growth in ChinaE. Labor Rights15. Cai Fang: The Hukou Reform and Unification of Rural-urban Social WelfarePart III: Institutional Foundations for the Chinese Market Economy: The StateSection introductionA. Decentralization16. Justin Yifu Lin, Mingxing Liu and Ran Tao: Deregulation, Decentralization and China's Growth in Transition17. James Kai-sing Kung, Chenggang Xu and Feizhou Zhou: From Industrialization to Urbanization: The Social Consequences of Changing Fiscal Incentives on Local Government's BehaviorB. Enforcing Justice18. Benjamin L. Liebman and Tim Wu: China's Network Justice19. Benjamin L. Liebman: China's Courts: Restricted Reform