China’s economic transition is not ‘trapped’. Instead, China has the capacity to move forward to a more sophisticated and equitable economy.
This policy brief argues that Minxin Pei’s China’s Trapped Transition: The Limits of Developmental Autocracy contains a number of useful insights into the political economy of contemporary China.
For the past 20 years, China has embarked on a multi-track programme of reforms to build a bankruptcy system. The passage of an Enterprise Bankruptcy Law in 2006 (2006 EBL) represents a milestone, but there is still a long way to go.
This brief adopts a neo-institutional approach to derive some generalizations about how China’s policies are enforced, why enforcement remains such a problem, and what foreign firms can do to meet the challenges provided by China’s enforcement regime.
In particular, the brief draws on the protection of intellectual property rights to illustrate the following.
Analysis of the patterns, causes, and prognosis for dispute resolution.