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Collusion of government officials and entrepreneurs
Simplified Chinese官商勾结
Traditional Chinese官商勾結

The collusion of government officials and entrepreneurs[1] (simplified Chinese: 官商勾结; traditional Chinese: 官商勾結), or government–commercial corruption, [2] official-business collusion, [3] most generally translated as government-business collusion,[4] is a term with a negative connotation[5] that generally refers to the government or individual officials who show favoritism and dereliction of duty by transferring benefits to individual enterprises in the formulation or implementation of policies, which cannot be directly equated with corruption because there is no substantial monetary transaction, but the government favors public power over certain businesspeople or consortiums and the political system is tilted toward interest groups.[6] In short, it means collusion between government and business to transferring interests.[7]

Related studies

References

  1. ^ David Solomon; P.C. Lo (19 November 2013). The Common Good: Chinese and American Perspectives. Springer. pp. 173–. ISBN 978-94-007-7272-4.
  2. ^ Georgy Kantor; Tom Lambert; Hannah Skoda (8 December 2017). Legalism: Property and Ownership. Oxford University Press. pp. 97–. ISBN 978-0-19-254375-2.
  3. ^ "Six Take-Aways for China From the Bo Xilai Trial - Bloomberg". Bloomberg News. Aug 28, 2013.
  4. ^ Choe Sang-Hun (April 7, 2018). "A South Korean President Is Jailed for Graft, but Few Expect Major Change". The New York Times.
  5. ^ "What is collusion between government and business?". The News Lens. 20 January 2021. Retrieved 2021-07-03.
  6. ^ "Macau ICAC Annual Report: "Serious collusion between government and business". Initium Media. 2016-04-14.
  7. ^ Liu Xiliang (2005-01-24). "Government and business have always colluded". Asia Weekly.
  8. ^ Eric Charles Banfield (1995). Business-government Collusion. American Institute for Economic Research.
  9. ^ On Government-business Collusion. Civil Human Rights Front. 2002.
  10. ^ Jiao Ye (2002). Government-business Collusion and Corruption. Nanjing Normal University.
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