Tianlei Huang, Nicolas Véron, 07 July 2022

Widespread narratives for China under Xi Jinping, especially in the past half-decade, emphasise a ‘pivot to the state’ and increasing repression of the private sector, in contrast with previous decades of more dynamic private sector development. But is China's private sector truly being crushed? This column uses company-level data for China’s largest companies, ranked by either revenue or (for listed ones) market capitalisation, to show that, in fact, the share of the private sector in that group has expanded rapidly and near-continuously over the past decade.

Petros C. Mavroidis, André Sapir, 29 April 2021

Having joined the WTO, many Western countries expected China to soon liberalise and become an open market economy. This second in a series of three columns describes how China has been able to shrug off pressures to change its economic structure and trading strategy, particularly regarding how its state-owned enterprises operate within the multilateral system.

David Arnold, 19 July 2019

In the early days of his administration, Brazilian President Jair Bolsonaro announced plans to privatise several of the country's largest state-owned enterprises and airports. Fearing such a move would lower both wages and employment, labour unions organised in opposition to Bolsonaro’s plans. This column looks anew at evidence testing whether privatisation offers more than merely an immediate infusion of revenue, and finds that while increases in efficiency might contribute to Brazil’s overall economic growth, privatisation could also expose the country’s most vulnerable workers to significant risk of decreased wages.

Blogs&Reviews

Vox eBooks

Vox Talks

Events

CEPR Policy Research