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Foreign Economic Policy-Making in China

Source: www.idsa.in
Topic: Economic Policy

Sort Desciption: The dynamics of foreign economic policy-making are revealed by the .... model to Chinese foreign economic policy-making from 1949 to the present ...

Content Inside: 448 Strategic Analysis/Jul-Sep 2005 Strategic Analysis Vol. 29 No. 3 Jul-Sep 2005 Institute for Defence Studies and Analyses Foreign Economic Policy-Making in China Raviprasad Narayanan Abstract Understanding the inner dynamics influencing the ongoing process of economic reform in China especially the flexibility achieved by government bureaux is important for strategic policy makers in India. The brief study seeks to determine the relationships of dominance correspondence and contradictions as well as the direction of influence the sequencing between government bureaux and the end results of their joint operations by applying the micro-macro linkage approach. The dynamics of foreign economic policy-making are revealed by the mutual influences as well as the channels and mechanisms between and among the micro and macro-level elements. Introduction Chinas open door policy (duiwai kaifeng) is largely the adoption of a liberal economic framework driven by the demands of a centralised state whose economic agencies are at the forefront of a process of development that is couched within the rhetoric of socialism with Chinese characteristics. Studying Chinas foreign economic policy-making reveals the highly personalised dynamics of power politics at the top and the relatively fluid role of the Chinese Communist Partys (CCP) politburo and secretariat and their ad hoc working groups. 1 This paper argues that the political legitimacy 2 of the Chinese leadership is shifting from revolutionary ideology to economic performance. The success of the economic reforms and the transformation of government structures to enable the emergence of a market facilitating state is increasingly the raison d etre of the leadership elite. The study adopts the micro-macro linkage approach as a methodological framework to examine the issue of foreign economic policy-making in China in the reform period. Foreign Economic Policy-Making in China 449 I Micro-Macro Linkage Approach: Defin ...

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