Capitalizing China

Capitalizing China

Author: Joseph P. H. Fan

Publisher: University of Chicago Press

Published: 2013

Total Pages: 401

ISBN-13: 0226237249

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La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."


Book Synopsis Capitalizing China by : Joseph P. H. Fan

Download or read book Capitalizing China written by Joseph P. H. Fan and published by University of Chicago Press. This book was released on 2013 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."

Capitalizing China

Capitalizing China

Author: Randall Morck

Publisher:

Published: 2011

Total Pages: 27

ISBN-13: 9786613970220

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Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. This manuscript introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries.


Book Synopsis Capitalizing China by : Randall Morck

Download or read book Capitalizing China written by Randall Morck and published by . This book was released on 2011 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. This manuscript introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries.

Capitalizing on Crisis

Capitalizing on Crisis

Author: Greta R. Krippner

Publisher: Harvard University Press

Published: 2011-02-15

Total Pages: 241

ISBN-13: 0674050843

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In the context of the recent financial crisis, the extent to which the U.S. economy has become dependent on financial activities has been made abundantly clear. In Capitalizing on Crisis, Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation. Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state’s attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979. Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.


Book Synopsis Capitalizing on Crisis by : Greta R. Krippner

Download or read book Capitalizing on Crisis written by Greta R. Krippner and published by Harvard University Press. This book was released on 2011-02-15 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the recent financial crisis, the extent to which the U.S. economy has become dependent on financial activities has been made abundantly clear. In Capitalizing on Crisis, Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation. Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state’s attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979. Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.

How China Became Capitalist

How China Became Capitalist

Author: R. Coase

Publisher: Springer

Published: 2016-04-30

Total Pages: 256

ISBN-13: 1137019379

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How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.


Book Synopsis How China Became Capitalist by : R. Coase

Download or read book How China Became Capitalist written by R. Coase and published by Springer. This book was released on 2016-04-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.

The Chinese Approach to Capital Inflows

The Chinese Approach to Capital Inflows

Author: Mr.Eswar Prasad

Publisher: International Monetary Fund

Published: 2005-04-01

Total Pages: 63

ISBN-13: 1451860986

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In this paper, we adopt a cross-country perspective to examine the evolution of capital flows into China, both in terms of volumes and composition. China's inflows have generally been dominated by foreign direct investment (FDI), a pattern that appears to be favorable in light of the recent literature on the experiences of developing countries with financial globalization. We provide a detailed documentation of the evolution of China's capital controls, a proximate determinant of the pattern of capital inflows. We also discuss a number of other intriguing hypotheses that attempt to capture the "deeper" causes underlying China's approach to capital flows. In particular, we argue that some popular mercantilist-type arguments are inconsistent with the facts. We also analyze the recent rapid rise of China's international reserves and discuss its implications. Contrary to some popular perceptions, the dramatic surge in foreign exchange reserves since 2001 is mainly attributable to non-FDI capital inflows, rather than current account surpluses or FDI.


Book Synopsis The Chinese Approach to Capital Inflows by : Mr.Eswar Prasad

Download or read book The Chinese Approach to Capital Inflows written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 2005-04-01 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we adopt a cross-country perspective to examine the evolution of capital flows into China, both in terms of volumes and composition. China's inflows have generally been dominated by foreign direct investment (FDI), a pattern that appears to be favorable in light of the recent literature on the experiences of developing countries with financial globalization. We provide a detailed documentation of the evolution of China's capital controls, a proximate determinant of the pattern of capital inflows. We also discuss a number of other intriguing hypotheses that attempt to capture the "deeper" causes underlying China's approach to capital flows. In particular, we argue that some popular mercantilist-type arguments are inconsistent with the facts. We also analyze the recent rapid rise of China's international reserves and discuss its implications. Contrary to some popular perceptions, the dramatic surge in foreign exchange reserves since 2001 is mainly attributable to non-FDI capital inflows, rather than current account surpluses or FDI.

The Political Economy of China–Latin America Relations

The Political Economy of China–Latin America Relations

Author: Alvaro Mendez

Publisher: Springer Nature

Published: 2020-03-21

Total Pages: 132

ISBN-13: 3030334511

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The book explores the ways in which Latin American states are capitalizing or failing to capitalize on the initiatives of China in world affairs. The authors hypothesize that a dearth of regional agency and social construction, and a consequent institutional deficit in foreign relations, characterizes Latin America and its inadequate reaction to Chinese agency. The volume includes multiple case studies from eight Latin American countries and discusses the Asian Infrastructure Investment Bank’s initiatives and policies. The book will interest scholars, researchers, policy-makers, foreign policy analysts, and graduate students in Latin American and Asian politics as well as development studies and political economy.


Book Synopsis The Political Economy of China–Latin America Relations by : Alvaro Mendez

Download or read book The Political Economy of China–Latin America Relations written by Alvaro Mendez and published by Springer Nature. This book was released on 2020-03-21 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores the ways in which Latin American states are capitalizing or failing to capitalize on the initiatives of China in world affairs. The authors hypothesize that a dearth of regional agency and social construction, and a consequent institutional deficit in foreign relations, characterizes Latin America and its inadequate reaction to Chinese agency. The volume includes multiple case studies from eight Latin American countries and discusses the Asian Infrastructure Investment Bank’s initiatives and policies. The book will interest scholars, researchers, policy-makers, foreign policy analysts, and graduate students in Latin American and Asian politics as well as development studies and political economy.

The Price of China's Economic Development

The Price of China's Economic Development

Author: Zhaohui Hong

Publisher: University Press of Kentucky

Published: 2015-07-21

Total Pages: 389

ISBN-13: 0813161177

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“This work provides a theoretically sophisticated analysis of major political, social, economic, and cultural trends in China.” —Roger des Forges, author of Chinese Walls in Time and Space The People’s Republic of China has experienced significant transformations since Deng Xiaoping instituted economic reforms in 1978. Subsequent leaders continued and often broadened Deng’s policies, shifting the nation from agrarianism to industrialism, from isolation to internationalism, and from centralized planning to market-based economics. As the world strives to understand the nation’s rapid development, few observers have comprehensively examined the social and cultural price of the economic boom for the majority of the Chinese people. Zhaohui Hong assesses the sociocultural consequences of these reforms in this provocative study. He contends that modern China functions as an oligarchy or plutocracy ruled by an alliance of political power and private capital where the boundaries between the private and public sectors are constantly shifting. This “power-capital institution” based on three millennia of Confucian ideology and decades of Maoist communism exercises monopolistic control of public resources at the expense of civil society and social justice for the majority of citizens. The Price of China’s Economic Development urges policymakers to alter their analytic lens. While industrial and commercial development is quantitatively measured, Hong argues that social progress should be assessed qualitatively, with justice its ultimate goal and fair allocation of resources and opportunity as the main index of success. This sophisticated analysis introduces English speakers to the varied and significant work of contemporary Chinese scholars and substantially enriches the international dialogue. “Presents a new perspective on China’s economic growth and ongoing political problems.” —Xiaobing Li, author of China’s War in Korea


Book Synopsis The Price of China's Economic Development by : Zhaohui Hong

Download or read book The Price of China's Economic Development written by Zhaohui Hong and published by University Press of Kentucky. This book was released on 2015-07-21 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This work provides a theoretically sophisticated analysis of major political, social, economic, and cultural trends in China.” —Roger des Forges, author of Chinese Walls in Time and Space The People’s Republic of China has experienced significant transformations since Deng Xiaoping instituted economic reforms in 1978. Subsequent leaders continued and often broadened Deng’s policies, shifting the nation from agrarianism to industrialism, from isolation to internationalism, and from centralized planning to market-based economics. As the world strives to understand the nation’s rapid development, few observers have comprehensively examined the social and cultural price of the economic boom for the majority of the Chinese people. Zhaohui Hong assesses the sociocultural consequences of these reforms in this provocative study. He contends that modern China functions as an oligarchy or plutocracy ruled by an alliance of political power and private capital where the boundaries between the private and public sectors are constantly shifting. This “power-capital institution” based on three millennia of Confucian ideology and decades of Maoist communism exercises monopolistic control of public resources at the expense of civil society and social justice for the majority of citizens. The Price of China’s Economic Development urges policymakers to alter their analytic lens. While industrial and commercial development is quantitatively measured, Hong argues that social progress should be assessed qualitatively, with justice its ultimate goal and fair allocation of resources and opportunity as the main index of success. This sophisticated analysis introduces English speakers to the varied and significant work of contemporary Chinese scholars and substantially enriches the international dialogue. “Presents a new perspective on China’s economic growth and ongoing political problems.” —Xiaobing Li, author of China’s War in Korea

China’s Impossible Trinity

China’s Impossible Trinity

Author: Chi Lo

Publisher: Springer

Published: 2016-04-29

Total Pages: 220

ISBN-13: 1137538791

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This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.


Book Synopsis China’s Impossible Trinity by : Chi Lo

Download or read book China’s Impossible Trinity written by Chi Lo and published by Springer. This book was released on 2016-04-29 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.

China’s Grand Strategy

China’s Grand Strategy

Author: Andrew Scobell

Publisher: Rand Corporation

Published: 2020-07-27

Total Pages: 155

ISBN-13: 1977404200

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To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.


Book Synopsis China’s Grand Strategy by : Andrew Scobell

Download or read book China’s Grand Strategy written by Andrew Scobell and published by Rand Corporation. This book was released on 2020-07-27 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.

Capital Formation in Mainland China, 1952-1965

Capital Formation in Mainland China, 1952-1965

Author: Kang Chao

Publisher: Univ of California Press

Published: 2024-07-26

Total Pages: 195

ISBN-13: 0520377249

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In the 1950s and 1960s, the Chinese government exerted unprecedented efforts and marshaled enormous economic resources for the purpose of capital formation. It was difficult for the rest of the world to determine precisely how successful these efforts were because of the incompleteness of official investment statistics. In Capital Formation in Mainland China, Kang Chao provides a comprehensive measurement of fixed capital investment in China. His basic approach is that of the commodity flow method, which takes into account each investment component and each capital goods item installed in China since 1949. He has complied extensive information both from diverse Chinese publications and from sources in countries that have exported capital goods to China. On the basis of this empirical foundation he analyzes all facets of the investment drive as well as the relationship between capital accumulation and the major aspects of Chinese economic development, revealing many details previously unknown to the West. In the process of arriving at his aggregate estimates, Chao has sorted, checked, and tabulated detailed data relating to individual components that will constitute an important aid to scholars involved in research on related subjects. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1974.


Book Synopsis Capital Formation in Mainland China, 1952-1965 by : Kang Chao

Download or read book Capital Formation in Mainland China, 1952-1965 written by Kang Chao and published by Univ of California Press. This book was released on 2024-07-26 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1950s and 1960s, the Chinese government exerted unprecedented efforts and marshaled enormous economic resources for the purpose of capital formation. It was difficult for the rest of the world to determine precisely how successful these efforts were because of the incompleteness of official investment statistics. In Capital Formation in Mainland China, Kang Chao provides a comprehensive measurement of fixed capital investment in China. His basic approach is that of the commodity flow method, which takes into account each investment component and each capital goods item installed in China since 1949. He has complied extensive information both from diverse Chinese publications and from sources in countries that have exported capital goods to China. On the basis of this empirical foundation he analyzes all facets of the investment drive as well as the relationship between capital accumulation and the major aspects of Chinese economic development, revealing many details previously unknown to the West. In the process of arriving at his aggregate estimates, Chao has sorted, checked, and tabulated detailed data relating to individual components that will constitute an important aid to scholars involved in research on related subjects. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1974.