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Transition and InstitutionsThe Experience of Gradual and Late Reformers$
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Giovanni Andrea Cornia and Vladimir Popov

Print publication date: 2001

Print ISBN-13: 9780199242184

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199242184.001.0001

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Unorthodox Ownership and Governance Structures in Transitional East Asia

Unorthodox Ownership and Governance Structures in Transitional East Asia

(p.171) 9 Unorthodox Ownership and Governance Structures in Transitional East Asia
Transition and Institutions
Giovanni Andrea Cornia, Vladimir Popov
Oxford University Press

This chapter examines the nature of the unorthodox ownership and governance structures in the transitional economies of East Asia. It begins by discussing the theoretical issues in innovative transformation and property rights reform. It describes the features and functions of local government property rights and the reassignment of property rights between state-owned enterprises (SOEs) in East Asia. It then examines the advantages of ownership and governance structures of township and village enterprises (TVEs) in China. It also examines the way in which private enterprises in China and Vietnam expand business through social trust and patron-client relationships with local government entities and officials.

Keywords:   unorthodox ownership, transitional economies, East Asia, property rights, state-owned enterprises, SOEs, township and village enterprises, TVEs, China, Vietnam

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