Week 5-2 Urban Reform (2)

Week 5-2 Urban Reform (2) - Decentralization Restructuring...

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Diversification of Ownership Type of Firms Publicly owned Firms Privately owned Firms State-owned Firms Collective Firms Urban Collectives Rural TVEs Foreign invested Firms Controlled by the state Controlled by local governments
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Diversification of Ownership Type of Firms Ownership Type 1978 1996 State Owned Firms 77 33 Collective Firms Urban Collectives 14 8 Rural TVEs 9 28 Private Firms . 19 Foreign Invested Firms . 12 %
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Two Phases of Industrial Reform Phase I (1978 1993) Decollectivization (Factory Responsibility System) Phase II (1994 present) Corporatization (Company Law, 1994)
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Enterprise Reform: 1978 - 1993 Twofold Strategy of Enterprise Reform
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Unformatted text preview: Decentralization Restructuring the incentive structure to increase efficiency Factory Responsibility System Diversification diversifying ownership to accelerate competition The Factory Responsibility System Factory managers sign a contract with the state that they can keep any amount of profits above the set quota. In the mid-1980s, about 75% of SOEs were in this system. Enterprise Reform: 1978 - 1993 Diversification of Ownership Pursued the diversification, especially encouraging the development of TVEs Private firms sprang up, primarily in the small-scale sector....
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This note was uploaded on 03/10/2011 for the course POLC 3020 taught by Professor Kim during the Fall '10 term at Tulane.

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Week 5-2 Urban Reform (2) - Decentralization Restructuring...

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