state capitalism

Toward an Adaptive Local State Capitalism: Revitalizing Cultural Heritage Sites to Stimulate Local Economic Development

For most cultural cities located in China’s inner regions, not only deficient public finances but also historic heritage sites hinder the process of urbanization and economic development. How could these cities reverse the circumstantial disadvantages and turn them into exclusive merits that can possibly foster economic development? This paper argues that “adaptive local state capitalism” may be the key to understanding this kind of development process.

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