Hui, Feng --- "On the ‘economized state’ in the context of economic law science" [2013] ELECD 697; in Shi, Jichun (ed), "Renmin Chinese Law Review" (Edward Elgar Publishing, 2013) 52

Book Title: Renmin Chinese Law Review

Editor(s): Shi, Jichun

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781782544340

Section: Chapter 3

Section Title: On the ‘economized state’ in the context of economic law science

Author(s): Hui, Feng

Number of pages: 20

Abstract/Description:

Since China’s reform and opening, there are many reasons for promoting the remarkable success of China’s economic and social transition, but the most fundamental one – also the most important driving force – is that the state has transferred from a political sovereign organization into a rational, sensitive and powerful market force. With the development and guidelines of the rule of law, this phenomenon has closely linked the overall structure of the national economy and has created a unique competitive advantage through ‘binding officials and the public’ and ‘public–private integration’. In this article, reference is made to an ‘economized state’ in order to summarize the essential characteristics of this change: an economized state is one where the state, due to the unprecedented strengthening of its economic functions, embedding of economic attributes and driving of public–private integration, has come about because of the nature of its numerous different conceptual characteristics and behavioral patterns, organization and behavioral patterns which a political sovereignty in the traditional sense would also possess. It also started to integrate itself into the market mechanism and become the ‘core factor’ in economic and social development, promoting the rapid development of the economy and society as well as triggering its own changes in organizations and actions.