Objective
A quest to explain institutional change that gave rise to a new economic order is complex and challenging.
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The Project
Any attempt to systematically study the institutional foundations and mechanisms underlying the Yangzi delta’s rise of private enterprise capitalism can neither build on isolated case studies for firms nor focus solely on distinct industrial sectors or specific production clusters.
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Introduction
The emergence and robust growth of a private enterprise economy in China was neither envisioned nor anticipated by its political elite. In launching economic reform in 1978, the initial motivation was to address failures of central planning within the institutional framework of state socialism.
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