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Chinas Unfinished Economic Revolution
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Book Synopsis China's Unfinished Economic Revolution by : Nicholas R. Lardy
Download or read book China's Unfinished Economic Revolution written by Nicholas R. Lardy and published by Brookings Institution Press. This book was released on 1998-07-01 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's Unfinished Economic Revolution offers a fundamentally different interpretation of China's economic reform. The common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled a large share of sharply rising household savings into what are mostly unreformed, money-losing companies. The result is that several of China's largest financial institutions now are insolvent. To avoid a major domestic banking crisis the book argues that China must recapitalize and restructure its domestic banking system and end the long-standing practice of making lending decisions based on political rather than economic criteria. Nicholas Lardy explains that this course will inevitably be costly in political terms, in part because it will lead for a time to a slower rate of economic growth. But the alternative is even less attractive—permanently slower growth, continued macroeconomic instability, an inability to meet the expectations of the international community for the opening of its domestic financial markets, and insufficient resources to deal with severe environmental deterioration, growing water shortages, and a rapidly aging population. This timely book also analyzes the new reform initiatives China has launched in the wake of the Asian financial crisis, suggests additional steps that must be taken, and evaluates the implications for U.S. policy.
Book Synopsis Sustaining China's Economic Growth After the Global Financial Crisis by : Nicholas R. Lardy
Download or read book Sustaining China's Economic Growth After the Global Financial Crisis written by Nicholas R. Lardy and published by Peterson Institute. This book was released on 2011-12-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis and ensuing economic downturn has raised many questions concerning the future of global economic growth. Prior to the financial crisis, global growth was characterized by growing imbalances, reflected primarily in large trade surpluses in China, Japan, Germany, and the oil exporting countries and rapidly growing deficits, primarily in the United States. The global crisis raises the question of whether the previous growth model of low consumption, high saving countries such as China is obsolete. Although a strong and rapid policy response beginning in the early fall of 2008 made China the first globally significant economy to come off the bottom and begin to grow more rapidly, critics charged that China's recovery was based on the old growth model, relying primarily on burgeoning investment in the short run and the expectation of a revival of expanding net exports once global recovery gained traction. Critics, however, argued that as government-financed investment inevitably tapered off, the likelihood was that global recovery would not be sufficiently strong for China's exports to resume their former role as a major contributor to China's economic expansion. The prospect, in the eyes of these critics, is that China's growth will inevitably falter. This study examines China's response to the global crisis, the prospects for altering the model of economic growth that dominated the first decade of this century, and the implications for the United States and the global economy of successful Chinese rebalancing. On the first it analyzes the strengths and weaknesses of China's stimulus program. On the second it analyzes the nature of origins of the imbalances in China's economy and the array of policy options that the government has to transition to more consumption-driven growth. On the third successful rebalancing would mean that more rapid growth of consumption would offset the drag on growth from a shrinkage of China's external surplus. Successful rebalancing would mean China would no longer be a source of financing for any ongoing US external deficit. From a global perspective China would no longer be a source of the global economic imbalances that contributed to the recent global financial crisis and great recession.
Book Synopsis The Unfinished Revolution in China by : Israel Epstein
Download or read book The Unfinished Revolution in China written by Israel Epstein and published by . This book was released on 2013-08 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Markets Over Mao by : Nicholas R Lardy
Download or read book Markets Over Mao written by Nicholas R Lardy and published by Columbia University Press. This book was released on 2014-09-10 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's "commanding heights." In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003–13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be similarly market rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy where state firms remain protected, especially in energy and finance.
Book Synopsis China's Economic Revolution by : Alexander Eckstein
Download or read book China's Economic Revolution written by Alexander Eckstein and published by Cambridge University Press. This book was released on 1977-05-27 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Eckstein's book is a study of China's efforts to achieve rapid modernization of its economy within a socialist framework. Eckstein begins with an examination of economic development in pre-Communist China, specifically focusing on the resources and liabilities inherited by the new regime in 1949 and their effects on development policies. He then analyses the economic objectives of the Communist leadership - narrowing income disparities, maintaining full employment without inflation, and achieving rapid industrialization - and argues that the implementation of these goals required a potent ideology capable of providing a strong faith and motivational force for the mass mobilization of resources. In discussing the methods used by the government to achieve its aims, Eckstein makes a thorough evaluation of China's general framework for economic planning, particularly in regard to the distribution and pricing of farm products and the allocation of resources in the industrial sector. The author also evaluates the radical institutional changes in property relations and in economic organization in the People's Republic of China.
Book Synopsis China's Unfinished Revolution by : James M. Ethridge
Download or read book China's Unfinished Revolution written by James M. Ethridge and published by . This book was released on 1990 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains facts, figures, and succinct explanations of key political, business, and economic trade in China.
Download or read book China’s Economy written by David J. Pyle and published by Springer. This book was released on 2016-07-27 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's dramatic economic transformation can only be understood in relation to her modern history. David Pyle reviews the post-1978 reform process in the context of two centuries of Chinese economic, social and political history. Agricultural, industrial and financial reforms and the attraction of foreign trade and direct investment are analysed in detail. The conclusion compares China's gradualist approach with the 'big bang' of Eastern Europe and the former Soviet Union, examining China's prospects and the lessons to be learnt elswhere.
Book Synopsis The Gradual Revolution by : Hui Wang
Download or read book The Gradual Revolution written by Hui Wang and published by Transaction Publishers. This book was released on 1994-01-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Uprising at Tiananmen Square may have been crushed politically, but it has had extraordinary consequences in opening up China to new varieties of economic experimentation. Nowhere has this fusion of political repression and economic opportunity been better captured than in Hui Wang's masterful study. And given the world wide and historic importance of China, this volume deserves most careful consideration. Given his unique background as a former assistant director of the China National Economic Reform Institute (CNERI) hi Beijing, and before that, a board member of "The Economic Daily "in the capital city of China, he is able to provide the sort of first hand account that deeply enriches this fundamental treatise on the transformation of the Chinese economy from a centrally planned to a market system. This book should prove to be especially timely as American investors and businessmen are pouring into China for new commercial ventures; while scholars are likewise coming to China in order to obtain information and experience to benefit other struggling formerly socialist economies. Wang makes no claim that present-day China is necessarily a model for the rest of Asia or Eastern Europe, but he does make plain that variations on the theme of a free market and a controlled polity are as much part of "Leftist" as well as "Rightist" regimes. As a result, this book should have appeal quite beyond undergraduate and graduate courses in modern China, and should extend to those political scientists and sociologists who take seriously fundamental themes of development.
Book Synopsis From Reform to Revolution by : Minxin PEI
Download or read book From Reform to Revolution written by Minxin PEI and published by Harvard University Press. This book was released on 2009-06-30 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive effort to compare the recent political experiences of the Union of Soviet Socialist Republics and the People's Republic of China by tracing their overlapping and diverging paths of regime change.
Book Synopsis China's Communist Revolutions by : Werner Draguhn
Download or read book China's Communist Revolutions written by Werner Draguhn and published by Psychology Press. This book was released on 2002 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents papers by international scholars on the economic, social and political environments out of which the PRC emerged and the socio-political impact of communist power since then. The contributions present interpretations of key aspects of reform such as economic structures, foreign policy and political change, and the socio-political impact of communist power. The book challenges the accepted orthodoxy about the Cultural Revolution. Throughout, the emphasis is on change in the context of 20th century China, and as part of the Chinese Communist Party's search for paths to development: hence the title that speaks in the plural about revolutions. This review of social and political change is highly topical in view of the PRC's recent 50th anniversary.
Book Synopsis China and Her Unfinished Revolution by : Helen Gay Pratt
Download or read book China and Her Unfinished Revolution written by Helen Gay Pratt and published by . This book was released on 1937 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis China: From Revolution to Reform by : Sheng Hua
Download or read book China: From Revolution to Reform written by Sheng Hua and published by Springer. This book was released on 2016-07-27 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the outside world to understand modern Chinese movements is an extremely difficult, if not insurmountable task. This book, for the first time written by true insiders, reflects the approach the Chinese have pursued since the last century and especially why after so many successful or unsuccessful revolutions they finally took up reform as a means to solve their national problem. As senior advisers to the Chinese leaders the authors expose the undercurrents pushing the leaders to the brink of economic reform, and the obvious achievements of the early reform as well as the latent seeds for the later crisis.
Book Synopsis China in the World Economy by : Nicholas R. Lardy
Download or read book China in the World Economy written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 1994 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the period from 1978 to 1993.
Book Synopsis Modernization and Revolution in China by : June Grasso
Download or read book Modernization and Revolution in China written by June Grasso and published by M.E. Sharpe. This book was released on 2015-05-18 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extensively revised and updated, this popular text conveys the drama of China's struggle to modernize against the backdrop of a proud and difficult history. Spanning the years from China's humiliating defeat in the Opium Wars to its triumphant hosting of the 2008 summer Olympics, the authors narrate the major developments of that journey: the breakdown of imperial China in the face of Japanese and Western encroachments; Sun-Yatsen and the founding of the Chinese republic; the early struggles between the ideologies and armies of Chiang Kai-shek and Mao Zedong; China's bitter and costly war with Japan; the final shootout that sent Chiang to Taiwan and Mao to Beijing; the turbulent first decades of the People's Republic; and the dramatic shift to a globalizing economic strategy. This edition features all new analysis of issues facing China's leaders today, including environmental challenges, rural economic developments, corruption, the current economic climate, China's relations with its neighbors and the United States, the latest Tibet crisis, and the reelection of Hu Jintao. The authors have also incorporated some of the latest scholarship on Chinese historical events, making this the best and most up-to-date brief text on modern China currently available.
Book Synopsis China's Second Revolution by : Harry Harding
Download or read book China's Second Revolution written by Harry Harding and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has, since 1976, been enmeshed in an extraordinary program of renewal and reform. The obvious changes—the T-shirts, blue jeans, makeup and jewelry worn by Chinese youth; the disco music blaring from radios and loudspeakers on Chinese streets; the television antennas mushrooming from both urban apartment complexes and suburban peasant housing; the bustling free markets selling meat, vegetables and clothing in China's major cities—reflect a fundamental shift in the government's policy toward the economy and political life. Although doubts about the long-term commitment to reform arose after the student protests in December 1986 and the dismissal of Party General Secretary Hu Yaobang in January 1987, the scope of reform has been so broad and the pace of change so rapid, that the post-Mao era fully warrants Den Xiaoping's description of it as the "second revolution" undertaken by the Chinese Communist Party.
Book Synopsis The Economy of China by : Shu Shin Luh
Download or read book The Economy of China written by Shu Shin Luh and published by Simon and Schuster. This book was released on 2014-09-02 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: What would China's revolutionary leader, Mao Zedong, think if he were alive today? Mao's Chinese Communist Party continues to hold a monopoly on political power, and at its core China remains a developing nation. But in many respects, today's China bears little resemblance to the country that emerged under Mao's leadership after 1949. Most important, today's People's Republic of China is Communist in name only. Rapid economic liberalization has brought capitalism, and unprecedented prosperity, to the world's most populous country. Farmers, once the backbone of China's economy, are taking a backseat to the entrepreneurs who make millions exporting low-cost, sophisticated computer chips and flat-screen televisions to the rest of the world. The sleeping giant, as one prominent economist described it, has awakened, and the rest of the world can no longer ignore its presence and its potential. How did this transformation come about? This book takes an in-depth look at that question and examines the future prospects for China in the global economy.
Book Synopsis China's Economic Challenge: Smashing the Iron Rice Bowl by : Neil C. Hughes
Download or read book China's Economic Challenge: Smashing the Iron Rice Bowl written by Neil C. Hughes and published by Routledge. This book was released on 2016-09-16 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book lays bare the reality behind China's efforts at economic modernization by showing: (1) what is happening to the industrial forces that help shape the economy; (2) how economic agents have behaved; (3) what government intentions really are; and (4) how the transition from a centralized to a market-oriented economy has been filled with contradictions and difficult choices. The author examines issues such as China's WTO membership; the Three Gorges Project; the widening differences between the urban and rural areas; the government's efforts to protect its own interests and maintain stability; the impact of reform; and the situation facing state enterprises, the banking system, the agricultural sector, and the environment.
