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Conventional explanations of Taiwan and China's economic success point to the shift from an import-substituting industrialization (ISI) strategy to an export-oriented industrialization (EOI) strategy. This paper argues that the development strategies in Taiwan and China have always been a combination of ISI and EOI strategies during their entire miracle-creating period; far from the shift from ISI to EOI strategies, export promotion was used in both cases to sustain ISI, which has always been the central focus of development. Behind this strategy there is a set of institutions in both Taiwan and China, which has played a key role in supporting ISI, in particular, the government, the bank sector, public enterprises, and their relationship.

Intro -- Acknowledgements -- Contents -- Notes on Contributors -- List of Figures -- List of Tables -- Part I: Introduction -- Chapter 1: Understanding Business-Government Relations in China: Changes, Causes and Consequences -- Introduction -- Key Contributions -- A Typology of Business-Government Relations -- Key Analytical Dimensions -- Four Ideal Types of Business-Government Relations -- Regional and Sectoral Variations in Business-Government Interactions -- Explaining Changes and Variations in Business-Government Relations -- Global Market and Normative Pressures -- National Sociopolitical Transformations -- Regional and Sectoral Configurations of State Institutions and Market Structures -- State Ideologies and Institutions -- Market Structures and Characteristics -- An Integrated Explanation of Varied Business-Government Relations -- Institutional Consequences of Changing Business-Government Relations -- Organization of the Book -- References -- Chapter 2: State-Business Relations in China's Changing Economic Order -- Introduction -- In Research of New Theorization -- The Fragmented Polymorphous State -- The Hybridity of Business -- Interests of Substates and Hybrid Businesses -- Differential Closeness Between Substates and Hybrid Businesses -- Factors Shaping Differential Closeness -- Conclusion -- References -- Part II: Changes and Variations in Business-Government Relations -- Chapter 3: The Evolution of Government-MNC Relations in China: The Case of the Automotive Sector -- Introduction -- Ideational Shift -- Counter-Trend -- Institutional Outcomes -- 1994 AIP: Operational Space for the MNCs but Higher Industrial Development Requirements -- Give and Take for Global Purchasing at Shanghai GM -- Unintended Outcome -- Concluding Remarks -- References -- Chapter 4: Regional Business Associations in China: Changes and Continuities

"This book brings together conceptual and empirical analyses of the causes and consequences of changing business-government relations in China since the 1990s, against the backdrop of the country's increased integration with the global political economy. More specifically, it provides an interdisciplinary account of how the dominant patterns of interactions between state actors, firms and business organizations have changed across regions and industries, and how the changing varieties of these patterns have interacted with the evolution of key market institutions in China. The contributors to this edited volume posit that business-government relations comprise a key linchpin that defines the Chinese political economy and calibrates the character of its constitutive institutional arrangements."--

Balancing and blending ideas of globalization with an understanding of historical and institutional contexts of development is an important challenge for many across the social sciences. This text aims to bridge some of these debates through the concept of 'compressed development', addressing areas of time, space, and strategy compression.