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OAEE 2030 - Economic Development and Forms of Capitalism in China

Type d'enseignement : Lecture alone

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Voir les plans de cours et bibliographies



Course Description

The course will analyze the emergence and the evolution of capitalism in India and China. After giving an historical overview of the economic development in both countries, the course will analyze the current political economy situation and how it has interacted with the mode of growth in India and in China. The course will also analyze what has been the role of the State in the rapid recent economic development of the two countries (post 1980's). The course will also present the different challenges that both countries are facing currently to implement new reforms. The course will also provide tools for comparison between the two countries within the theoretical framework of the variety of capitalisms. The objectives of the course are to : - have a good understanding of the economic development trajectory of China and India after World War 2 ; - have a good understanding of the current growth model in both countries as well as the limits that the two countries are facing to continue their economic development ; - have a good understanding of the links between politics and economics in the economic trajectories of India and China ; - understand the variety of form of capitalism in Asia and in the world.


HUCHET, Jean-François (Chercheur, Directeur du centre ASIEs INALCO, Directeur Adjoint GIS Asie et Réseau Asie CNRS)

Course validation

Attending classes, active participation to discussion and final exam.


Two hours a week, plus reading.

Required reading

  • B.Naughton, (1995). Growing out of the Plan Chinese Economic Reform 1978 -1993. Cambridge, Cambridge University Press
  • N. Lardy, (2011). Sustaining China's Economic Growth After the Global Financial Crisis, Washington D.C., Peterson Institute for International Economics, 181 p
  • Sunil Khilnani, The Idea of India, New Delhi, Penguin Book India, 1998, 263 p
  • Atul Kohli, "Politics of economic Growth in India, 1980-2005", Economic and Political Weekly, April 1 (Part I) and April 8 (Part II), 2006, , pp. 1251-1259 (Part I) and pp. 1361-1370 (Part II)

Plans de cours et bibliographies


Asia and capitalism: similarities and differences with the rest of the world

Diversity of development models in Asia

Factors of comparison

    • The weight of the public sector
    • Control of labour
    • Relations between State and entrepreneurs
    • Growth and political system

Some methodological issues

    • History
    • Political economy
    • Culture and "essentialism"
    • The need for a multidisciplinary approach

Bureaucratic capitalism and authoritarian state in China

  • Historical and political reasons explaining the importance of the state in economic development of contemporary China
  • The quest for economic modernization in China
  • The evolution of economic reforms and major structural changes in the Chinese economy since 1978
  • The main characteristics of authoritarian state capitalism in China
  • Assessing future developments and challenges for the Chinese economy

Conclusion - Convergence, divergence, hybridization of patterns of development in Asia and the rest of the world?


  • Yasheng Huang, Capitalism with Chinese Characteristics, Cambridge, Cambridge University Press, 2008, 348 p.
  • Nicholas Lardy, (2011). Sustaining China's Economic Growth after the Global Financial Crisis, Washington D.C., Peterson Institute for International Economics, 181 p.
  • Richard McGregor, The party: the secret world of China's communist rulers, London; New York, Allen Lane, 2010, 301 p.
  • Atul Kohli, State-directed development: political power and industrialization in the global periphery, Cambridge, Cambridge University Press, 2004, 466 p.
  • Scott Kennedy, (2016), State and Market in Contemporary China,
  • Barry Naughton, (1995). Growing out of the Plan Chinese Economic Reform 1978 -1993. Cambridge, Cambridge University Press.
  • Kellee S. Tsai, Capitalism without Democracy, Ithaca, Cornell University Press, 2007, 268 p.
  • Ezra F. Vogel, Deng Xiaoping and the Transformation of China, Cambridge MA, The Belknap Press of Harvard University Press, 2011, 876 p.

Biographical information

Jean-François Huchet is currently professor of economics (chair of Chinese economy and comparative economics in Asia), at the National Institute for Oriental Language and Civilization, (INALCO-Langues’O) University of Sorbonne Paris Cité and currently Vice-Chancellor for Research at INALCO. He was also director of the French Centre for Research on Contemporary China (CEFC) a CNRS research centre based in Hong Kong, and director of the Academic Journal China Perspectives between 2006 and 2011. He was based in Asia for 18 years and has occupied several academic positions as senior research fellow at the French Centre for Research on Contemporary China in Hong Kong between 1997 and 2001. He was also senior research fellow at the Maison franco-japonaise in Tokyo between 1993 and 1997 and researcher at Beijing University from 1987 and 1991. He has received his PhD of economics from the University of Rennes (France). His research and publications have focused on the role of the state in economic development in China and India and on the global consequences of China’s economic development.