Disembedding Socialist Firms as a Statist Project: Restructuring the Chinese Oil Industry, 1997-2002
Article from: OGEL 1 (2008), in China Energy Law and Policy
Introduction
Crucial to the success of China's transition to the market economy is the central government's capacity for institutional innovation. Since 1997, Chinese politicians have sought to transform the governance of state-owned industries from decentralized administrator control to centralized corporate shareholder control. This essay examines the ideological, political, and institutional components of the central state's strategy of "dis-embeddedness" that aimed to disrupt preexisting social norms and exchange relations of the planned economy. However, this authoritarian approach to ...