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- W1980091645 abstract "China's development model has been discussed extensively by scholars over the past decade. However, they largely failed to capture the essence of the model — the uniqueness of the fusion between China's communist political legacies and capitalist economic practices that has produced a formidable force for economic development. Such a fusion created a de facto new type of political economy that deserves its own place in political science and a new term — comcapitalism — that describes it more accurately. This research attempts to reconceptualize China's development model through demystifying its evolution, moulding and improvement over the reform era (especially during the Hu-Wen administration) from a new approach — that of mutual concessions and accommodations leading to the formation of a social contract with Chinese characteristics. The article concludes that so long as the Chinese Communist Party (CCP) is able to reduce corruption effectively and continues to accommodate the needs of the rapidly changing Chinese society in enriching the country and the people, its legitimacy is likely to be prolonged. The comcapitalism model may continue to contribute to China's success and is also likely to have growing implications for the rest of the world." @default.
- W1980091645 created "2016-06-24" @default.
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- W1980091645 date "2012-12-01" @default.
- W1980091645 modified "2023-10-16" @default.
- W1980091645 title "Resurrection through Adaptation: The Dynamics of China's “Comcapitalism” Model" @default.
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- W1980091645 doi "https://doi.org/10.1080/15339114.2012.732733" @default.
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