Although the Chinese Communist Party has tried to institutionalize the political system in the reform era, such efforts have been hampered by the Maoist legacy. To cope with challenges from…
Despite the persistent doomsaying about the political consequences of untrammeled international capital flows, financial liberalization may actually contribute to democratic consolidation.
China is heading toward a tipping point, with two likely scenarios for how a political opening will come about. Most Chinese intellectuals think that only gradualism—“slow and steady,” step-by-step reform—can…