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Nations or Sectors in the Age of Globalization: China's Policy Toward Foreign Direct Investment in Telecommunications
Author(s) -
Hsueh Roselyn
Publication year - 2015
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/ropr.12149
Subject(s) - foreign direct investment , argument (complex analysis) , context (archaeology) , internationalization , economics , liberalization , china , developmental state , globalization , scholarship , state (computer science) , government (linguistics) , industrial policy , economic system , international economics , international trade , market economy , political science , macroeconomics , economic growth , politics , paleontology , biochemistry , chemistry , linguistics , philosophy , algorithm , biology , computer science , law
Scholars debate whether states or markets drive economic policy in the context of internationalization. Unpacking the market–state dichotomy, liberal pluralists and institutionalists alike conduct sectoral analysis to examine economic policies and outcomes. They debate the relative importance of sectors versus factors and the impact of sectoral coalitions, structural characteristics, and institutional trajectories. Building on previous scholarship, this article argues that state imperatives, such as national security and technological advancement, are an important guide to understanding dominant patterns of economic policy, defined as state goals, government–business relations, and state methods. Beyond that, the organization of institutions and structural sectoral attributes influence the ways in which actual policy outcomes vary across sectors and time. Case studies of the liberalization and subsequent reregulation of foreign direct investment across subsectors of telecommunications in China substantiate this argument. Evidence from other industries further validates this explanatory model.