How China Escaped Shock Therapy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How China Escaped Shock Therapy write by Isabella M. Weber. This book was released on 2021-05-26. How China Escaped Shock Therapy available in PDF, EPUB and Kindle. 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interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization.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.
Opening to Reform?
Opening to Reform? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Opening to Reform? write by Jonathan Hecht. This book was released on 1996. Opening to Reform? available in PDF, EPUB and Kindle.
Economic Lessons from China’s Forty Years of Reform and Opening-up
Economic Lessons from China’s Forty Years of Reform and Opening-up - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Lessons from China’s Forty Years of Reform and Opening-up write by David Daokui Li. This book was released on 2021-03-26. Economic Lessons from China’s Forty Years of Reform and Opening-up available in PDF, EPUB and Kindle. This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.
Public Management Reform
Public Management Reform - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Public Management Reform write by Christopher Pollitt. This book was released on 2000-01-01. Public Management Reform available in PDF, EPUB and Kindle. In this major new contribution to a rapidly expanding field, the authors offer an integrated analysis of the wave of management reforms which have swept through so many countries in the last twenty years. The reform trajectories of ten countries are compared, and key differences of approach discussed. Unlike some previous works, this volume affords balanced coverage to the 'New Public Management' (NPM) and the 'non-NPM' or 'reluctant NPM' countries, since it covers Australia, Canada, Finland, France, Germany, the Netherlands, New Zealand, Sweden, the UK and the USA. Unusually, it also includes a preliminary analysis of attempts to improve management within the European Commission.
To Get Rich Is Glorious
To Get Rich Is Glorious - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook To Get Rich Is Glorious write by Jacques deLisle. This book was released on 2019-09-24. To Get Rich Is Glorious available in PDF, EPUB and Kindle. " In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "
