Racionalidad del modelo de desarrollo chino: una perspectiva institucionalista

The market economy model with Chinese cha-
racteristics has strengthened market liberties for
the development of economic activity and higher
income levels for its people; nevertheless, some
economic practices are still carried out under
centralized planning, in contrast to the principles
of efficiency and economic reward, something
that directly distorts agents’ economic decisions.
This article seeks to analyze the rationality of
the Chinese economic model according to the
principle of cognitive rationality from the insti-
tutionalist approach, and with this aim aspects
like land property rights and corruption will
be considered. The article concludes that for
the Chinese case practices such as Guanxi and
Mianzi prevail as determining citizens’ economic
and social conducts, in spite of the existence of
legal codes that appear somehow contradictory
to these practices.