Description: Applying a novel theoretical approach, Tamar Groswald Ozery combines law and political economy to deconstruct the role of law in China's market development since 1978. The book examines how economic and administrative powers within China's Party-state system have been legally and politically configured throughout China's growth process. Using a vast range of primary sources, Ozery illuminates how the law acts as a mediating institution that translates and gives shape to the relations between politics and economics. Using the evolution of public firms and corporate governance as a case study, the book illustrates the complex relationships between law, politics, and economic development, and sheds new light on the possible varieties of growth-supporting governance institutions in firms. By studying China's distinct market experience through the lens of law and political economy, the book offers a significant contribution to development studies, comparative corporate governance, and interdisciplinary discussions about China as a growth model.
Brief description: Tamar Groswald Ozery is an Assistant Professor at the Hebrew University of Jerusalem. Previously, she was a Grotius Fellow (Michigan Law), a Research & Teaching Fellow (Harvard Law), and the editor of the Harvard Law School Forum on Corporate Governance. Her published scholarly works focus on Chinese corporate governance, cross-border investments, and party-state market relations. She is a frequent commentator on China's legal system, political economy, and global economic integration; and has testified before the US-China Economic and Security Review Commission. Prior to academia, she spearheaded the China department of a leading Israeli law firm.
Review Quotes: 'What is the role of law in the dramatic development of Chinese firms and Chinese capital markets in the last decades? Tamar Groswald Ozery explores this critical question by skillfully examining numerous corporate law reforms in China in view of its unique political context. The result is a remarkable book that offers a goldmine of information on Chinese corporate governance, a fascinating account of the different functions of corporate law in China's autocratic party-state system, and new lenses for understanding the relationship between law and development.' Mariana Pargendler, Professor of Law at Fundação Getulio Vargas Law School in São Paulo