Skip Navigation


Cambridge Journal of Economics Advance Access originally published online on April 29, 2007
Cambridge Journal of Economics 2007 31(4):601-624; doi:10.1093/cje/bem002
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
31/4/601    most recent
bem002v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Sun, P.
Right arrow Search for Related Content
Related Collections
Right arrow L11 - Production, Pricing, and Market Structure; [...]
Right arrow L52 - Industrial Policy; Sectoral Planning Methods
Right arrow L60 - General
Right arrow L61 - Metals and Metal Products; [...]
Right arrow O17 - Formal and Informal Sectors; [...]
Right arrow P21 - Planning, Coordination, and Reform
Right arrow P23 - Factor and Product Markets; Industry [...]
Right arrow P31 - Socialist Enterprises and Their Transitions
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© The Author 2007. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Is the state-led industrial restructuring effective in transition China? Evidence from the steel sector

Pei Sun*

* The Business School, University of Nottingham

Address for correspondence: Pei Sun, Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham NG8 1BB, UK; email: pei.sun{at}nottingham.ac.uk

During the reform era, the Chinese government has been carrying out strategic industrial policies modelled on those in post-war Japan and South Korea, in the hope of transforming its highly fragmented manufacturing sector into one that comprises a small number of internationally competitive big businesses. Using the evolution of the Chinese steel industry structure from the late 1980s to the early 2000s as a case in point, this paper finds that the Chinese government's consolidation attempts have, by and large, not been very successful. The disappointing policy outcome is interpreted by a detailed examination of the industry policy mechanism in China. It is concluded that the institutional framework of the Chinese state differs from its counterparts in Korea and Japan in some fundamental aspects. Among these, the fragmented and uncoordinated Chinese bureaucracy contributes significantly to the inefficacy of policy implementation.

Key Words: Restructuring • Industrial policy • Steel industry • China • Transition

JEL classifications: L11, L52, L6, P31

Manuscript received March 13, 2006; final version received July 5, 2006.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.