1996), and the size of its economy is predicted to surpass that of the United-States in the following decade or so. As a result, the desperate need to grow as been reduced and therefore greater incentives exist to be careful.-Stability, then, is the result of three societal forces: evolutionary necessity, a less dire need for economic growth due to economic prosperity, and the lesser power of current chancellors relative to the power of Mao and Deng.-Although technocratic consolidation was a shared characteristic in the evolution of the Soviet and Chinese regimes, both differed in how they achieved this consolidation. oStalin’s planned economy was not as discredited and devastating as Mao’s economic models. As a result the Soviet reform movement concentrated on perfecting the existing model with mild market socialism, whilst the Chinese reform movement embraced large scale change and marketization.
oThe Chinese reform movement was strongly influenced by the East Asian NICs, nations surrounding China. These nations focus on developmental capitalism, led by an authoritarian system, an autonomous economic bureaucracy, cooperation between the public and private sectors, and an export expansion strategy.oChina can be described as a post-totalitarian capitalist developmental state. The Soviet union, on the other hand, never embraced developmental state capitalism. “Developmental capitalism is derived from the East Asian NIC experience and has little to do with the trajectory of a Leninist regime.”oAnother fundamental difference is the retirement policy of party and government officials. Static equilibrium in the Soviet Union, dynamic equilibrium in China. In the latter case, no manager enjoys tenure and all face though market competition. A coupling of economic reform and political conservatism, with the end of preservation of the Communist regime (stability.) The party has also set up a retirement age scheme for certain party positions, whereby provincial and ministerial cadres must retire at age 60 (generational replacement).
Will China become Democratic?
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