Author : Hanquan Huang
Publisher : World Scientific
ISBN 13 : 9811224099
Total Pages : 358 pages
Book Rating : 4.8/5 (112 download)
Book Synopsis China's Industrial Policy Transformation: Theory And Practice by : Hanquan Huang
Download or read book China's Industrial Policy Transformation: Theory And Practice written by Hanquan Huang and published by World Scientific. This book was released on 2021-03-12 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.