World economy and international economic relations

Interaction between economy and law through the example of China: from the retrospective to the development prospect. A critical analysis and comparison with developed democracies

Economic Annals-XXI

Economic Annals-ХХI: Volume 187, Issue 1-2, Pages: 15-28

Citation information:
Chaplynskiy, K., Sydorov, O., Shapovalov, D., & Antoniuk, O. (2021). Interaction between economy and law through the example of China: from the retrospective to the development prospect. A critical analysis and comparison with developed democracies. Economic Annals-XXI, 187(1-2), 15-28. doi: https://doi.org/10.21003/ea.V187-02

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Kostyantyn Chaplynskiy
D.Sc. (Law),
Professor,
Head, Department of Forensics and Pre-medical Training,
Dnipropetrovsk State University of Internal Affairs
26 Gagarin Ave., Dnipro, 49005, Ukraine
chaplinskii@ukr.net
ORCID ID: https://orcid.org/0000-0002-9922-3743

Oleksandr Sydorov
PhD (Economics),
Vice-Rector,
Dnipropetrovsk State University of Internal Affairs
26 Gagarin Ave., Dnipro, 49005, Ukraine
sydorov379@ukr.net
ORCID ID: https://orcid.org/0000-0003-3923-6611

Dmytro Shapovalov
PhD (Medicine),
Honored Medical Doctor of Ukraine,
Associate Professor of the
Department of Forensics and Pre-medical Training,
Dnipropetrovsk State University of Internal Affairs
26 Gagarin Ave., Dnipro, 49005, Ukraine
shapovalovdmytro2020@gmail.com
ORCID ID: https://orcid.org/0000-0002-1721-5150

Olena Antoniuk
PhD (Law),
Associate Professor of the
Department of Forensics and Pre-medical Training,
Dnipropetrovsk State University of Internal Affairs
26 Gagarin Ave., Dnipro, 49005, Ukraine
1010sprava@gmail.com
ORCID ID: https://orcid.org/0000-0001-6497-3061

Interaction between economy and law through the example of China: from the retrospective to the development prospect. A critical analysis and comparison with developed democracies

Abstract. It is generally considered that the keystone of successful economic development of the state is its effective legal system with its priority dwelling upon protection of human rights. However, is this formula operational in the case of China with its authoritarian political regime for which the fundamental law is the will of the party leader?

The article investigates how the transformation of the legal system of China has been progressing over the past seventy years and how these processes correlate with the reforms in the economy. Profound cause and effect relations between mental reference points of the Chinese people and the «fragility» of the institution of law in this country have been revealed. The paper presents the results of the analysis conducted in relation to the indicators of socio-economic progress and the rule of law within the country in comparison with similar indicators of nine most successful countries in the world. It is proven that the formal law in China serves as a mere instrument for a farsighted, authoritarian and rigidly hierarchical political system which uses economic levers with the purpose of achieving ambitious goals of conquering the entire world.

Keywords: Interrelation between Law and Economics; China; Priority of the Morality over the Law; Authoritarianism; Totalitarianism; Hybrid Society

JEL Сlassification: F63; K14; K33; O53; P27

Acknowledgments and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

DOI: https://doi.org/10.21003/ea.V187-02

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Received 8.11.2020
Received in revised form 18.12.2020
Accepted 22.12.2020
Available online 28.02.2021

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