Introduction: A New Government-Enterprise Relationship?

Lü, Ming; Pan, Hui

doi:10.1007/978-981-287-658-4_1

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“…The accumulation of power capital can enhance the system of a power–capital economy. Also, the government-enterprise relationship framework developed by Lu and Pan (2016) provides the theoretical reason such relationships are still pursued in local development in China, focusing on the local officials’ strong bargaining position with the central government in the regional development processes. Local public agencies are involved in the development with private enterprises, and they are likely to pursue rent-seeking in return (Caulfield 2006; Che 2002; Lu 2000).…”

Section: Power-capital Economy Cultural Tightness and Its Linkagesmentioning

confidence: 99%

Inequality Based on Power and Capital is Becoming Unsolvable in China: Integrating Culture and Comprehensive Wealth to Approach a Power–Capital Economy

Kim

2023

China Report

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This study assesses China’s power–capital economy model, linking it to cultural tightness and comprehensive wealth. The analysis indicates that cultural tightness interacts with the power–capital economy, and unequal distribution of diverse tangible and intangible wealth might result from differences in cultural capital. Power–capital-based inequality widened during the reign of Xi Jinping. Of note, the worsened inequality would be unsolvable because of the political power or government-led power–capital-based inequality. Viewed from the comprehensive wealth framework (CWF) perspective, enhancing a power–capital economy would not contribute to sustainability because the system might contribute to unequal distribution of comprehensive wealth between advantaged and disadvantaged groups regarding power capital.

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Section: Power-capital Economy Cultural Tightness and Its Linkagesmentioning

confidence: 99%

Inequality Based on Power and Capital is Becoming Unsolvable in China: Integrating Culture and Comprehensive Wealth to Approach a Power–Capital Economy

Introduction: A New Government-Enterprise Relationship?

Cited by 1 publication

References 0 publications

Inequality Based on Power and Capital is Becoming Unsolvable in China: Integrating Culture and Comprehensive Wealth to Approach a Power–Capital Economy

Inequality Based on Power and Capital is Becoming Unsolvable in China: Integrating Culture and Comprehensive Wealth to Approach a Power–Capital Economy

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