Publication

This paper discusses how China's capitalist conversion is compatible with the continued rule of a communist party. The author argues that as China’s economy grows and becomes more open to the world market, it is also emerging as a greater force in the world economy. He concludes that the Communist Party has so far been remarkably effective in adapting both to the governmental challenges of providing more regularized and institutionalized procedures for managing its own affairs as well as to the challenges of a rapidly privatizing market economy.