Citation

Importing Institutions to Enhance Performance: How Foreign Financial Institutions Ameliorate Institutional Deficiencies in China’s Political Economy

Abstract | Word Stems | Keywords | Association | Citation | Similar Titles




STOP!

You can now view the document associated with this citation by clicking on the "View Document as HTML" link below.

View Document as HTML:
Click here to view the document

Abstract:

This paper argues that there has been a common assumption in the field of comparative political economy that the key institutions of a given domestic political economy are relatively mutually reinforcing and tightly interconnected with at best some small friction in the interaction between the key parts. Mutually reinforcing and tightly interconnected institutions are ones with institutional complementarities where the arrangements in one institutional domain impact the difference in utility in another institutional domain. This paper dubs this assumption the holistic view of comparative political economy. Within the holistic view, interaction with foreign institutions can only lead to two outcomes. In the robust outcome, foreign institutions have little effect on the operation of domestic institutions. In the fragile outcome, the intrusion of foreign institutions disrupts the delicate balance of institutions within the domestic political economy with grave consequences for the economy.
Arguing against the assumption that the holistic view is correct, the paper provides evidence of successful use of importing foreign institutions in China. Importing institutions is utilizing the institutional effects of institutions located abroad. It is not imitation or transfer of foreign institutions to be re-built within the domestic political economy. In the case of China, the financial institutions of advanced capitalism have encouraged technological development that China’s own financial institutions failed to provide. Thus, this importation of foreign institutions far from being disruptive has had an ameliorative effect on China’s economy and calls into question the basic assumption of the holistic view.

Most Common Document Word Stems:

institut (166), china (96), firm (91), economi (84), foreign (81), develop (74), domest (72), state (70), technolog (63), polit (63), capit (58), financi (56), nation (50), system (47), 2008 (45), fuller (43), invest (41), b (40), one (39), 2007 (39), global (37),

Author's Keywords:

importing institutions, China, development, political economy
Convention
All Academic Convention is the premier solution for your association's abstract management solutions needs.
Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf.Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets!
Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more!Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering.
Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more!Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches!
Click here for more information.

Association:
Name: APSA 2008 Annual Meeting
URL:
http://www.apsanet.org


Citation:
URL: http://citation.allacademic.com/meta/p278572_index.html
Direct Link:
HTML Code:

MLA Citation:

Fuller, Douglas. "Importing Institutions to Enhance Performance: How Foreign Financial Institutions Ameliorate Institutional Deficiencies in China’s Political Economy" Paper presented at the annual meeting of the APSA 2008 Annual Meeting, Hynes Convention Center, Boston, Massachusetts, Aug 28, 2008 <Not Available>. 2014-12-01 <http://citation.allacademic.com/meta/p278572_index.html>

APA Citation:

Fuller, D. , 2008-08-28 "Importing Institutions to Enhance Performance: How Foreign Financial Institutions Ameliorate Institutional Deficiencies in China’s Political Economy" Paper presented at the annual meeting of the APSA 2008 Annual Meeting, Hynes Convention Center, Boston, Massachusetts Online <APPLICATION/DOWNLOAD>. 2014-12-01 from http://citation.allacademic.com/meta/p278572_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: This paper argues that there has been a common assumption in the field of comparative political economy that the key institutions of a given domestic political economy are relatively mutually reinforcing and tightly interconnected with at best some small friction in the interaction between the key parts. Mutually reinforcing and tightly interconnected institutions are ones with institutional complementarities where the arrangements in one institutional domain impact the difference in utility in another institutional domain. This paper dubs this assumption the holistic view of comparative political economy. Within the holistic view, interaction with foreign institutions can only lead to two outcomes. In the robust outcome, foreign institutions have little effect on the operation of domestic institutions. In the fragile outcome, the intrusion of foreign institutions disrupts the delicate balance of institutions within the domestic political economy with grave consequences for the economy.
Arguing against the assumption that the holistic view is correct, the paper provides evidence of successful use of importing foreign institutions in China. Importing institutions is utilizing the institutional effects of institutions located abroad. It is not imitation or transfer of foreign institutions to be re-built within the domestic political economy. In the case of China, the financial institutions of advanced capitalism have encouraged technological development that China’s own financial institutions failed to provide. Thus, this importation of foreign institutions far from being disruptive has had an ameliorative effect on China’s economy and calls into question the basic assumption of the holistic view.


Similar Titles:
National Interests and the Development of the European Union's CFSP and ESDP: The Role of Domestic Political Preferences in Selecting the Level of Action and Institutions for Advancing Foreign and Defense Policy

The Interaction of Domestic and International Institutions and the Politics of Foreign Direct Investment into Developing Countries


 
All Academic, Inc. is your premier source for research and conference management. Visit our website, www.allacademic.com, to see how we can help you today.