State-owned enterprise reform
نویسنده
چکیده
China's agricultural sector was the first to experience significant success from reform, but initial reform efforts in the late 1970s were directed at state-owned enterprises (SOEs). In 1978, when farmers started to experiment-secretly and illegally-with the now famous household responsibility system (HRS) in several villages in Anhui province, the government was already introducing the first set of policy experiments with SOEs in Sichuan province and then in other places in the following years. The government's rationale for focusing on reform was obviousthe state sector dominated the Chinese economy in terms of both production and urban employment, so it was logical to think that the success of reform would be based on the smooth transformation of SOEs. The path of SOE reform in the following two decades, however, was far more complicated than that of agricultural reform. In many years during the reform period, especially in the early 1990s, SOE reform was assigned top policy priority but failed to achieve policy objectives fully. After twenty years, SOE reform is still one of the most difficult tasks facing the Chinese government. The state sector experienced significant changes during the reform period. On the one hand, the state sector expanded significantly. Output of industrial SOEs grew at 6.5 per cent per annum between 1978 and
منابع مشابه
IT, Enterprise Reform and Productivity in Chinese Manufacturing Firms
This paper is a first attempt of looking into the impact of IT and enterprise reform on productivity of Chinese manufacturing firms by using large scale firm level datasets from 1995 to 2002. It is found that enterprise reforms captured by entry and exit of firms have a positive impact on aggregated productivity growth. In addition, IT plays relatively more important role in productivity perfor...
متن کاملTwo Trains Running: Supply-Side Reform, SOE Reform and the Authoritative Personage
The publication of a new article by “Authoritative Personage” on May 9, 2016, threw into the open two unresolved issues of Chinese policy: Who is making economic reform policy? What is the mix between reform and growth? These two unresolved issues lie behind the enormous difficulty policy-makers have had in coming up with a coherent reform strategy lately. This difficulty is most manifest in th...
متن کاملPrivatization and Corporate Governance in Brazil
The reform of state-owned enterprises (SOEs) has become an integral part of most macroeconomic stabilisation programmes implemented worldwide in recent years. The main instruments used to reform these enterprises have been divestiture and workforce downsizing. In Latin America, in particular, the pursuit of fiscal consolidation has added another important dimension to public enterprise reform. ...
متن کاملThe Behavior of the Chinese State Enterprises under the Dual
The paper examines the behavior of the Chinese state owned enterprises after the reform. The focus is on the key issue of government-enterprise interaction. Based on theoretical analyses and empirical tests, I argue that despite facing strong profit incentives, many of the Chinese state-owned enterprises are still greatly influenced by the government and dependent on the government. They behave...
متن کامل