@article{Weingast:294844, recid = {294844}, author = {Weingast, Barry and Qian, Yingyi and Montinola, Gabriella}, title = {Federalism, Chinese Style: The Political Basis for Economic Success in China}, address = {1994-01}, number = {2282-2019-4202}, series = {IPR81}, pages = {43}, year = {1994}, abstract = {The remarkable success of China's economic reform is built on a solid political foundation. That success has been made possible by a considerable degree of credible commitment to markets achieved through institutional reforms that we have called "federalism Chinese style." Because these reforms are endowed with a degree of political durability, they provide a significant amount of protection to the market from unwanted political intrusions. Political decentralization, in turn, has provided individuals and local governments with the incentives to pursue economic prosperity.}, url = {http://ageconsearch.umn.edu/record/294844}, doi = {https://doi.org/10.22004/ag.econ.294844}, }