The Non-Monetary Significance of Political Entities to Economic Order under the Chinese Model
Year: 2024
Type: article
Abstract: This research investigates the subtle role of political entities in shaping economic order using the Chinese Model, highlighting the importance of non-monetary forces. By deconstructing the Chinese Model's political economy, the paper identifies the model's distinguishing features, the critical function of political entities, and the strategic use of nonmonetary means. It examines the ways by which these institutions impact economic order, such as governmental advice, legal regulation, and moral incentives, as well as how these mechanisms promote market order, control economic activity, and encourage corporate social responsibility. This paper highlights the effectiveness of non-monetary interventions in China's economic order through detailed case studies, such as the development of new energy sectors guided by policy, environmental protection through legal regulation, and corporate innovation motivated by moral incentives. The findings highlight the potential of non-monetary measures used by political organizations to steer economic development and governance, providing insights that could impact policymaking outside the Chinese setting.
DOI: 10.54097/zsvyag80
Author: Jiayin Kang
Institution: Sichuan Normal University
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401667129