This article examines the transformation of property rights over fishery resources in Longlake, China, where a gradual evolutionary process from a common property regime to a state property regime occurred between the late 1970s and the late 1980s. It explores the active role played by economic actors as well as the underlying economic, political, and sociocultural forces in transforming both formal and informal property rules. Stressing the different ways formal and informal property rules change, this article contributes to our understanding (...) of property rights transformation and institutional change in general. (shrink)

China is undergoing tremendous social and economic transformations with different local innovations and variations. By comparing and contrasting three industrial villages in China demonstrating different mixes along the organizational continuum from market economy to collectivist economy, this article offers an alternative model of development that combines market production and distribution with redistribution and the building of public goods based on group boundaries. This alternative market activity is named community capitalism, a concept that has the potential to mitigate the sharp dichotomy (...) between state socialism and market economy. The article also argues that, in order to fully understand the process of China’s transition, it is necessary to take into account not only the economic and political institutions, but also the local cultural, social and political resources. It is the interaction and mixes of the two that determine the path of development local communities embark on. (shrink)