国有企业改革对中国社会和政治的挑战.PDFVIP

Social and Political Challenges of the Chinese SOEs reform 国有企业改革对中国社会和政治的挑战 Master Thesis of The Lauder Institute Director: Professor Jennifer Amyx Student: François Desné April 25th, 2003 Social and political challenges of Chinese SOEs reform Page 2/37 I would like to extend sincere thanks to my Thesis advisor, Professor Jennifer Amyx, who guid ed my efforts with valuable insights, constructive criticisms and precious support . Lauder Thesis - Professor J. AMYX François Desné Social and political challenges of Chinese SOEs reform Page 3/37 Table of Content 1 China’s transition economy 6 1.1 Historical Context 7 1.1.1 Questioning “shock therapy”: why societal and historical factors matter 7 1.1.2 Nested economy 7 1.1.3 “Grasp the large, release the small” 10 1.2 Environment dependence of the reforms 11 1.2.1 Division of labor within China: role and impact 11 1.2.2 Interaction of SOEs with domestic economy: analogy with Korea 12 1.3 Socio-Political Context 14 1.3.1 Influence of the regime type 14 1.3.2 Financial sphere and business interdependence 14 1.3.3 External versus internal pressure: IMF and financial crisis15 1.3.4 Prudential regulation 15 1.4 Economic environment16 1.4.1 Foreign debt and the reform of the financ