The Puzzle of China's Township–Village Enterprises The Paradox of Local Corporatism in a Dual-Track Economic Transition
整合了关于中国乡镇企业的经济、政治、文化和社会解释，聚焦其效率谜题及地方统合主义作为政企合作的双重功能，指出关键在于双轨改革范式，对经济转型的理论与政策有启示。
This paper seeks to reconcile and synthesize the diverse views about the township–village enterprises (TVEs) and local corporatism in the context of ongoing institutional changes in China as a transition economy. Specifically, I attempt to integrate the economic, political, cultural, and social explanations for TVEs, especially the two competing views of market competition and political corruption. I focus on the puzzle of TVE efficiency as well as the paradox of local corporatism as a government–business partnership with both a positive function of public alliance for wealth creation and a negative function of private collusion for wealth transfer. I argue that the key to both the puzzle of TVEs and the paradox of local corporatism lies in China's dual-track reform paradigm (i.e. a market-for-mass track and a state-for-élite track). Lastly, I discuss the critical implications for theory building and policymaking regarding economic transition in general.