chapter  1
21 Pages

The politics of rent production

ByTAK-WING NGO

Rent seeking is a common phenomenon in developing countries. It is no exception in China where rent seeking has become an almost institutionalized form of practice during the ongoing market reform. Economic players (including foreign investors) recognize that they have to compete not just in improving their market performance but also in obtaining policy preferences, securing bureaucratic support, and cultivating personal networks.