Ambiguous Property Rights in China's Economic Transition

In: Business and Management

Submitted By emily1993
Words 3656
Pages 15
The evolving nature and implications of ambiguous property rights in the case of China and its non-state sector as a transitional economy; can they be efficient?


Introduction I. Past to present People’s Republic of China, towards transition Property rights, defined

p. 3 p. 3-4


p. 5-6

The Chinese Model p. 6-8 Evolution vs. Big Bang, and the employment of ambiguous property rights Current p. 8-11 China, mid-transition and the functionality of ambiguous property rights in transition Future China, post transition, and does one size fit all? p. 11-12



Conclusion Bibliography

p. 13 p. 14-15


China’s remarkable and unmatched growth of the past decades, regardless of it ambiguous property rights and a relatively weak legal framework, have puzzled governments and economists to date. The contrast between China’s transitional economy and those in Eastern Europe and the former Soviet Union could not be more striking. Whereas the transition of the latter two has been a struggle and have sparked recession, China’s transition has brought about an economic boom and its gradual reform path has challenged the belief that gradual reform and public ownership cannot work as a transitional strategy. This paper aims to analyse the Chinese Model of economic transition with a focus on the structure of property rights in the system, primarily in the rural sector. First, a brief historic background of China and its course towards transition is provided, after which property rights and the various approaches to them are examined. I will then explore what system China currently employs, whether or not this has been effective, if it is sustainable and if it is to set a precedent for other transitional economies.

I. Past to present: People’s Republic of China, towards transition
The aim of this chapter is…...

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