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The earlier phases of the study surveyed 700 entrepreneurs in seven cities in the Yangtze River Delta region.
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Understanding China’s future and the pathways of institutional change therefore requires deep knowledge of the underlying norms and institutions that guide entrepreneurial behavior.” “As they strive for legitimacy, social status and political influence, they are reshaping the social and political landscape. “Private enterprise is the most dynamic economic sector today, and a rapidly growing population of private entrepreneurs, many of them newly wealthy, is changing the system from below,” Nee says. This picture ignores deep socio-economic changes occurring under the façade of state capitalism. The new grant will fund a continuation of this study through 2018, resulting in the single longest social science study of China’s transition to a market economy.Ĭhina’s economy is commonly viewed as a state-orchestrated system that leaves little room for private initiative. Victor Nee, the Frank and Rosa Rhodes Professor of Sociology and director of the Center for the Study of Economy and Society, has received a $1,190,448 grant from the John Templeton Foundation.Īn earlier research grant (2005-09) from the Templeton Foundation provided $1,985,000 to launch an intensive study of the rise of the economic institutions of modern capitalism in China.
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