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Book Synopsis Rent-seeking and the Two-track Price System in China by : Leong H. Liew
Download or read book Rent-seeking and the Two-track Price System in China written by Leong H. Liew and published by . This book was released on 1990 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
In China, rent seeking has been linked to the idea of the local developmental state in which rapid economic development is explained in terms of the promotion of village and township enterprises by local cadres who wants to maximize revenue. At the same time, the rent-seeking state is also seen as the root of corrupt practices and in the creation of a political market where state assets and authorities are diverted into private interests. Despite the prevalence of rent seeking practices in present day China, no systematic study of the phenomenon across different regions and economic sectors has yet been undertaken and as such what accounts for the occurrence of the phenomenon, what range of activities are related to rent seeking practices and, more importantly, how rent seeking shapes political and economic development are barely understood. Rent Seeking in China seeks to address these questions using case studies from across economics sectors including primary industry, strategic industry, heavy industry, and light industry. It will be invaluable reading for students and scholars of Chinese politics, comparative politics and Chinese economic and business management.
Book Synopsis Rent Seeking in China by : Tak-Wing Ngo
Download or read book Rent Seeking in China written by Tak-Wing Ngo and published by Routledge. This book was released on 2008-12-04 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: In China, rent seeking has been linked to the idea of the local developmental state in which rapid economic development is explained in terms of the promotion of village and township enterprises by local cadres who wants to maximize revenue. At the same time, the rent-seeking state is also seen as the root of corrupt practices and in the creation of a political market where state assets and authorities are diverted into private interests. Despite the prevalence of rent seeking practices in present day China, no systematic study of the phenomenon across different regions and economic sectors has yet been undertaken and as such what accounts for the occurrence of the phenomenon, what range of activities are related to rent seeking practices and, more importantly, how rent seeking shapes political and economic development are barely understood. Rent Seeking in China seeks to address these questions using case studies from across economics sectors including primary industry, strategic industry, heavy industry, and light industry. It will be invaluable reading for students and scholars of Chinese politics, comparative politics and Chinese economic and business management.
Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.
Book Synopsis From Mao to Market by : Andrew H. Wedeman
Download or read book From Mao to Market written by Andrew H. Wedeman and published by Cambridge University Press. This book was released on 2003-07-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.
This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.
Book Synopsis China at the Threshold of a Market Economy by : Mr.Michael W. Bell
Download or read book China at the Threshold of a Market Economy written by Mr.Michael W. Bell and published by International Monetary Fund. This book was released on 1993-06-16 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.
The Politics of Law and Stability in China examines the nexus between social stability and the law in contemporary China. It explores the impact of Chinese Communist Partyês (CCP) rationales for social stability on legal reforms, criminal justice opera
Book Synopsis The Politics of Law and Stability in China by : Susan Trevaskes
Download or read book The Politics of Law and Stability in China written by Susan Trevaskes and published by Edward Elgar Publishing. This book was released on 2014-07-31 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Politics of Law and Stability in China examines the nexus between social stability and the law in contemporary China. It explores the impact of Chinese Communist Partyês (CCP) rationales for social stability on legal reforms, criminal justice opera
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Book Synopsis How China Escaped Shock Therapy by : Isabella M. Weber
Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Taylor & Francis. This book was released on 2021-05-26 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Book Synopsis China's Economic Reforms by : Dr. S. P. Gupta
Download or read book China's Economic Reforms written by Dr. S. P. Gupta and published by Allied Publishers. This book was released on 1996 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles.
This book explores the key ideas and the key people who were responsible for the development of China’s economy from 1949 through 2016. It discusses how economic policy evolved, how economic policy was formulated and how the role of economists in decision making evolved. It considers the interplay between ideological and practical questions, provides biographical details of key economists and includes a clear annotated chronology of events. The book is especially valuable because the author, as a senior World Bank official, was a close observer of the situation and to some extent a key participant.
Book Synopsis Economic Policy Making In China (1949–2016) by : Pieter Bottelier
Download or read book Economic Policy Making In China (1949–2016) written by Pieter Bottelier and published by Routledge. This book was released on 2018-04-09 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the key ideas and the key people who were responsible for the development of China’s economy from 1949 through 2016. It discusses how economic policy evolved, how economic policy was formulated and how the role of economists in decision making evolved. It considers the interplay between ideological and practical questions, provides biographical details of key economists and includes a clear annotated chronology of events. The book is especially valuable because the author, as a senior World Bank official, was a close observer of the situation and to some extent a key participant.
This is a comprehensive account of the Chinese debates on economic reforms, from the Third Plenum of 1978 to the crackdown of 1989. It is designed for scholars and graduate students interested in the political economy of China's reforms.
Book Synopsis Dilemmas of Reform in China by : Joseph Fewsmith
Download or read book Dilemmas of Reform in China written by Joseph Fewsmith and published by Routledge. This book was released on 2016-09-16 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive account of the Chinese debates on economic reforms, from the Third Plenum of 1978 to the crackdown of 1989. It is designed for scholars and graduate students interested in the political economy of China's reforms.
Focuses on China's long-term pattern of growth and employment, demographic shifts, and rural-urban migration, its agricultural trade and local elections, China's banking sector reform and its fiscal sustainability, its environmental concerns, and much more.
Book Synopsis The Turning Point in China's Economic Development by : Ross Garnaut
Download or read book The Turning Point in China's Economic Development written by Ross Garnaut and published by ANU E Press. This book was released on 2006-08-01 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on China's long-term pattern of growth and employment, demographic shifts, and rural-urban migration, its agricultural trade and local elections, China's banking sector reform and its fiscal sustainability, its environmental concerns, and much more.