China’s Regulatory State: A New Strategy for Globalization (Cornell University Press, Studies in Political Economy, 2011)
Today’s China is governed by a new economic model that marks a radical break from the Mao and Deng eras. The new China departs fundamentally from that of the East Asian developmental state and its Communist past. But it is not a liberal economic model. How can China possibly retain elements of a statist economic model when it has liberalized foreign direct investment more than any other developing country in recent years? How can it retain state control over critical sectors and meet commitments made in its accession to the World Trade Organization? What does this mode of economic integration reveal about China’s state capacity and development strategy? In China’s Regulatory State: A New Strategy for Globalization, Roselyn Hsueh unravels these puzzles by demonstrating that China only appears as a more liberal state, for it has complemented liberalization at the economy-wide level with reregulation at the sectoral level.
By investigating in depth how China combines liberalization and reregulation in different industries, Hsueh gives the most complete picture yet of China’s regulatory state. With special attention given to telecommunications and textiles, she contends that a strategic value logic explains how the state, with its different levels of authority and myriad of bureaucracies, interacts with new economic stakeholders to enhance its control in certain economic sectors and issue areas even while relinquishing its control in others. By examining across time (1978-2010), Hsueh further finds that the organization of institutions and boom-bust cycles influence how the state reformulates old rules and creates new ones to maximize benefits and minimize costs after an initial phase of liberalization. This path-breaking analysis of state goals, government-business relations, and methods of governance across industries in China also considers Japan, South Korea, and Taiwan’s manifestly different globalization.
The academic and policy journals which have reviewed China’s Regulatory State include the following: Perspectives on Politics; Political Science Quarterly; Governance; The Economist; The China Journal; The China Quarterly; Journal of Chinese Political Science; China Economic Quarterly; China Economic Review; Indian Journal of Asian Affairs.