party-state capitalism

The Political Logic of Economic Liberalization in Taiwan: The Transformation of Party-state Capitalism and the Reconstruction of State-business Relations

Taiwan has since the 1980s gone through a dramatic dual transformation, i.e., political democratization and economic liberalization. However, while the economic liberalization, such as market opening and privatization, has transformed Taiwan’s political economy in the 1990s, the political implications have seldom been noticed.

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