TY  - JOUR
T1  - Financialization and Enhancement of State Resource Mobilization Capacity
AU  - Qin, Yu
AU  - Changxi, Liu
AU  - Yong, Gui
PY  - 2020
DA  - December
JF  - İstanbul University Journal of Sociology
PB  - Istanbul University
WT  - DergiPark
SN  - 2667-6931
SP  - 723
EP  - 744
VL  - 40
IS  - 2
LA  - en
AB  - From the financial perspective, this article discusses how China as a developmental government enhances its state capacity under the condition of market economy. Through constructing an analysis framework between financialization and the enhancement of state resource mobilization capacity, this article attempts to systematically discuss the core mechanism that China applies to strengthen state control and resource mobilization ability through the leading financial system. Through facilitating the growth of key financial organizations, appointing shareholding of important financial organizations and senior managers, to mold the economic and political preference of senior managers of financial organizers, control and guide the regulations of the financial market, China has realized its supervision over financial system. Thus, under the effect of financialization mechanism, doubletrack system of interest rate, state’s capacity of controlling and mobilizing resources has been enhanced. It is believed in this article taht, under the state-led financialization model, finance has its unique mechanism in enhancing state capacity, which is of great significance to understanding state developmentism.
KW  - Developmental government
KW  - Financialization
KW  - State capacity
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UR  - https://dergipark.org.tr/en/pub/iusosyoloji/issue//867039
L1  - https://dergipark.org.tr/en/download/article-file/1528907
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