The Costs of Freedom: New Institutional Comparison of China’s and the U.S.’s Responses to the Financial Collapse

Davis, Kent F.2014-05-222014-05-222014-05-1315 Or. Rev. Int'l. L. 167 (2013)1543-9860https://hdl.handle.net/1794/1786038 pagesFollowing the financial collapse of 2008, both China and the United States implemented stimulus plans to minimize adverse market performance. Arguably the vertically integrated institutional structure of China produced a timely and homogenous plan that stimulated market performance. Conversely, the decentralized institutional structure of the United States produced a plan that was delinquent, discordant, and inefficacious. In other words, China’s stimulus plan had a closer fit between means and ends.en-USAll Rights Reserved.The Costs of Freedom: New Institutional Comparison of China’s and the U.S.’s Responses to the Financial CollapseArticle