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No Chinese Capitalism without Property Rights
Author(s) -
Cheung Steven N. S.
Publication year - 1986
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1986.tb01776.x
Subject(s) - inefficiency , property rights , china , capitalism , communism , language change , investment (military) , market economy , private property , economics , economic system , law and economics , political science , law , politics , art , literature
The speed with which communist China has embuaced markets has surprised Western analysis and observers, But Chinese economic progress will founder in corruption and inefficiency, argues Professor Steven Cheung of the university of Hong Kong, untess she insitutes a well‐defined system of private property rights to safeguord investment and stimulate trade.