One of the core assumptions of recent American foreign policy is that China's post-1978 policy of "reform and openness … growth and social change in China during the last quarter of a century. Contagious Capitalism contends that FDI … liberalization played several roles in the process of China's reforms. First, it placed competitive pressure on the state sector to …

This paper attempts to explain how institutions in the reform era of China have evolved by looking into the FDI … understand institutional change in China. Though the initiation of the open-door policy in the reform era is commonly regarded as …