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Advances in Psychological Science    2019, Vol. 27 Issue (12) : 1951-1966     DOI: 10.3724/SP.J.1042.2019.01951
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Marketization and interpersonal trust decline in China
XIN Ziqiang()
Department of Psychology at School of Sociology and Psychology, Central University of Finance and Economics, Beijing 100081, China
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Abstract  

During the process of marketization in China, we have to face a clear fact that interpersonal trust has been declining year after year. Although previous literature has repeatedly revealed the positive effect of trust on economic development, it seldom concerned the role of market economy development in trust changing. By integrating recent micro and macro evidence, it is found that marketization process has served as a role of inhibiting trust in China. Concretely, with the establishment of market economy in China, the impetus attribute of market has been fully developed by encouraging people to seek self-interest maximization and compete with each other, which activates their strong motivation to accumulate wealth on the one hand, whereas which also leads the popularity of homo economicus belief in people, and destructs those trustees’ optimistic expectation of human nature on the other hand. However, the corresponding market rules and social rules are too underdeveloped to protect trustees. As a result, the process of marketization has been eroding the basis of economic development: trust, and leads to the trust decline. Therefore, building rule-based and credit-based market economy is a necessary pathway to prevent trust from declining and rebuild a high-trust society.

Keywords interpersonal trust      market economy      marketization      rule      human nature     
ZTFLH:  B849:C91  
Corresponding Authors: Ziqiang XIN     E-mail: xinziqiang@sohu.com
Issue Date: 21 October 2019
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Ziqiang XIN. Marketization and interpersonal trust decline in China[J]. Advances in Psychological Science, 2019, 27(12): 1951-1966.
URL:  
http://journal.psych.ac.cn/xlkxjz/EN/10.3724/SP.J.1042.2019.01951     OR     http://journal.psych.ac.cn/xlkxjz/EN/Y2019/V27/I12/1951
  
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