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Price Controls And The Economics Of Institutions In China
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Author :Jean-Jacques Laffont Publisher :Organisation for Economic Co-operation and Development ISBN 13 : Total Pages :160 pages Book Rating :4.F/5 ( download)
Book Synopsis Price Controls and the Economics of Institutions in China by : Jean-Jacques Laffont
Download or read book Price Controls and the Economics of Institutions in China written by Jean-Jacques Laffont and published by Organisation for Economic Co-operation and Development. This book was released on 1997 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation and Investment Controls in China by : Yasheng Huang
Download or read book Inflation and Investment Controls in China written by Yasheng Huang and published by Cambridge University Press. This book was released on 1999-11-13 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: A political-economic analysis of how China has been able to avoid hyperinflation while maintaining high annual growth rates.
Book Synopsis The Economics of Government Regulation by : Wang Junhao
Download or read book The Economics of Government Regulation written by Wang Junhao and published by Routledge. This book was released on 2021-07-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation is a public policy approach closely related to calculations of the equilibrium of supply and demand and to cost-benefit analyses. Governments combine a variety of incentives and restrictions on behavior, including laws and regulations, in order to guide enterprises and smaller entities within the economy toward pursuing policies in the public interest. This book offers an in-depth and systematic review of the economic theory of regulation, with particular emphasis on the Chinese context. The basic concepts cover economic and social regulation, regulatory process, regulation under asymmetric information, and capture theory. Drawing on a broad range of cases from across the telecommunications, electric power, and water sectors since the founding of the People’s Republic of China in 1949, the author explores economic regulation in China with reference to natural monopoly, investment, price level and price structure, entry, and competition. In addition, he discusses theories of externalities and asymmetric information, which are analyzed in the light of China’s environmental and product quality regulation. The author argues that the Chinese government has deregulated its economy to a large extent in the past and proposes that the Chinese government will enforce more social regulation in the future. Students and scholars of government regulation, economics, and industrial organization will find this volume to be an essential guide.
Book Synopsis Economics and Regulation in China by : Michael Faure
Download or read book Economics and Regulation in China written by Michael Faure and published by Routledge. This book was released on 2013-10-15 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, from a top international group of scholars, explores the ways in which economic tools can be used to improve the quality of regulation in general and legislative tools in particular. As the role of law becomes increasingly important in China, the question arises of how effective regulatory and legislative tools can be developed to accompany the Chinese evolution towards a welfare state. China therefore provides a unique case study for scholars and policymakers interested in examining how regulation can play a role in promoting sustainable development. Economics and Regulation in China goes beyond traditional economic analysis of law by focusing specifically on the question of how economic tools can guide the quality of legislation. To this end, the book centres in on three areas: regulation as a tool of economic growth, competition policy and environmental policy. Not only are these three domains of great importance for China, but they are also relevant for a broad scholarship interested in the economic analysis of law. This volume contributes to discussions on how ex-ante evaluation of legislative proposals and ex-post analysis can increase the effectiveness and efficiency of regulation, using economic tools, offering insights that go beyond the particular case of China. The analysis offered by this book makes it an invaluable resource for academics and policymakers alike.
Book Synopsis The Political Economy of Chinese Finance by : J. Jay Choi
Download or read book The Political Economy of Chinese Finance written by J. Jay Choi and published by Emerald Group Publishing. This book was released on 2016-09-02 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 17 of International Finance Review focusses on a variety of issues relating to the political economy of Chinese finance.
Book Synopsis Market and Institutional Regulation in Chinese Industrialization,1978-94 by : D. Lo
Download or read book Market and Institutional Regulation in Chinese Industrialization,1978-94 written by D. Lo and published by Springer. This book was released on 1997-01-14 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is now a vast and still rapidly expanding literature of scholarly studies on the Chinese experience of economic growth and systemic transformation over the past 16 years. By and large, most of the studies tend to conceptualize the experience as a process of transition to the market economy. This position applies to even the moderate, evolutionary economists, who, thanks to the overwhelming evidence of the heterodox nature of the experience, have seemd to outcompete outright free-market advocates and have dominated the literature. In contrast to the market-centred orthodoxy, this book develops an alternative interpretation that is in the tradition of the late industrialization literature. Based on a wealth of evidence and well-articulated theoretical arguments, it submits that the outstanding performance of the Chinese economy during the period of 1978-94 was based on an appropriate combination of market and (non-market) institutional regulation.
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 Routledge. This book was released on 2021-05-26 with total page 256 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 Making Great Decisions in Business and Life by : David R. Henderson
Download or read book Making Great Decisions in Business and Life written by David R. Henderson and published by Chicago Park Press. This book was released on 2006 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The phrase "work smarter, not harder" has been repeatedly ridiculed in the Dilbert comic strip and elsewhere, not because it is a bad idea, but because it is thrown like a brick lifesaver to drowning employees. To tell someone to work smarter is like telling someone to be happier, healthier, and richer. It's not much help to merely repeat the objective; what people need is a plan for achieving the objective.In Making Great Decisions, we show our readers how to achieve their objectives. We write to help those in business and those in the business of life--i.e., everyone--to work smarter. Our ideas are both simple and powerful. We offer a better way to look at problems so that the solutions are easier to find. We help supplement our readers' clear thinking by summarizing some of the most powerful techniques we have discovered.Have you ever driven through corn country? From a distance, all you see are corn stalks and more corn stalks in a jumbled mess. Then suddenly, when you get closer, your perspective changes, and you can see down the rows and realize that the corn was planted perfectly in straight lines. Your perception of the crop changes from a messy jumble to a clear picture simply because you're in the right spot. This book puts readers in that ideal spot. So many problems seem like hopeless jumbles but then, when you start using the techniques we discuss here, they start to look as straightforward as the straightest line in an Iowa cornfield.What motivated us to write this book is that, over the years, both of us have regularly come across people in organizations--often bright people with MBAs or other graduate degrees--who don't think they have time, energy, or skills to make good decisions. They have many clues but don't know how to put them together. They regularly face situations that they could analyze with some of the tools they learned in their courses, but they don't realize that. We don't hold ourselves apart from this group, and stories of our successes and failures are sprinkled throughout Making Great Decisions in Business and Life.
Book Synopsis Varieties of State Regulation by : Yukyung Yeo
Download or read book Varieties of State Regulation written by Yukyung Yeo and published by BRILL. This book was released on 2022-03-07 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Varieties of State Regulation, Yukyung Yeo explores how, despite China’s increasing integration into the global market, the Chinese central party-state continues to oversee the most strategic sectors of its economy. Since the 1990s, as major state firms were spun off from the ministries that managed them under the central planning system, the nature of the state in governing the economy has been remarkably transformed into that of a regulator. Based on over a hundred interviews conducted with Chinese central and local officials, firms, scholars, journalists, and consultants, the book demonstrates that the form of central state control varies considerably across leading industrial sectors, depending on the dominant mode of state ownership, conception of control, and governing structure. By analyzing and comparing institutional dynamics across various sectors, Yeo explains variations in the pattern of China’s regulation of its economy. She contrasts the regulation of the automobile industry, a relatively decentralized sector, with the highly-centralized telecommunications industry, and demonstrates how China’s central party-state maintains regulatory authority over key local state-owned enterprises. Placing these findings in historical and comparative contexts, the book presents the evolution and current practice of state regulation in China and examines its compatibility with other contemporary government practices.
Book Synopsis Choose Economic Freedom by : George P. Shultz
Download or read book Choose Economic Freedom written by George P. Shultz and published by Hoover Press. This book was released on 2020-03-01 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically popular government interventions—be they from Democrats or Republicans—as a recipe for success. Choose Economic Freedom reconstructs debates from the 1960s and 1970s about the use of wage and price controls as tools of policy, showing how brilliant economists can hold diametrically opposed views about the wisdom of using government intervention to spur the economy. Speeches and documents from the era include a recently unearthed memo from Arthur Burns, Federal Reserve chair, in 1971, in which he argues in favor of controls. Under Burns's guidance and in the face of stubborn inflation, Nixon introduced wage and price guidelines and freezes. But over the long run, these became a drag on the economy and ultimately failed. It wasn't until the Reagan administration that these controls were reversed, resulting in a vibrant economy. The words of iconic economist Milton Friedman—whose "free to choose" ethos inspired the free-market revolution of the Reagan era—along with lessons Shultz and Taylor learned from the front lines, demonstrate that tried-and-true economic policy works.
Book Synopsis Resources, Power, and Economic Interest Distribution in China by : Zhang Yishan
Download or read book Resources, Power, and Economic Interest Distribution in China written by Zhang Yishan and published by Routledge. This book was released on 2021-03-30 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on an investigation of economic and resource allocation factors and their close relation to economic power, this book puts forward the power paradigm, a new economic research paradigm revealing the relationship among power, institutions, and resource allocation mechanisms, helping to establish a valid connection between macroeconomics and microeconomics and shedding light on real-world economic issues. Drawing on classical, neoclassical, and institutional economics and how these schools of thought have impacted on economic development in China over the past century, the book sheds light on distribution processes and argues that enterprise contracts, market pricing, policies, laws and regulations can all be classified as interest distribution mechanisms informed by a variety of power games. The power paradigm suggests that to achieve full utility and an optimal allocation of resources to foster social welfare, power reciprocity needs to be shared among different economic agents at the same hierarchy level while making sure that power and responsibility are equivalent for each economic agent. The book will appeal to research students and academics interested in heterodox economics, pluralist approaches, institutional economics, and game theory.
Book Synopsis The Market Mechanism and Economic Reforms in China by : William Byrd
Download or read book The Market Mechanism and Economic Reforms in China written by William Byrd and published by Routledge. This book was released on 2019-07-04 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning - a strategy that is a crucial component of the ambitious overall reform "package" that Chinese reformers are trying to implement. The expanding role of Chinese industrial goods has had major implications for the functioning and importance of planning which, the author argues, has become largely irrelevant in terms of direct control over short-term allocation.
Author :Jean-Jacques Laffont Publisher :Organisation for Economic Co-operation and Development ISBN 13 : Total Pages :152 pages Book Rating :4.:/5 (318 download)
Book Synopsis Price Controls and the Economics of Institutions in China by : Jean-Jacques Laffont
Download or read book Price Controls and the Economics of Institutions in China written by Jean-Jacques Laffont and published by Organisation for Economic Co-operation and Development. This book was released on 1997 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Institutional Evolution of China by : Fan Zhang
Download or read book The Institutional Evolution of China written by Fan Zhang and published by Edward Elgar Publishing. This book was released on 2018-09-28 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's recent evolution is not only a story of extraordinary economic growth but also a story of great institutional change. Fan Zhang challenges traditional theory to explain the real origins of China's reform, the political and economic forces driving it, and the reasoning behind its stagnation. The institutional re-arrangement of government and market has been crucial in this marketization process.Using a wealth of documents and cases, Zhang provides a detailed analysis of China's institutional changes over the past 40 years, focusing on the government-market relationship. A theoretical framework is presented to explain the targets and incentives of government and business firms in a bureaucratic-market system, which promoted economic growth, but also fostered corruption and resulted in a re-centralisation of the system. Using an index of marketization in China since 1978, Zhang shows that overall, market expansion has continued but with diminishing marginal gains. The government control of financial resources that had previously been relaxed in the early years of reform has been enhanced to some extent as a result of the changing institutional environment. Policy makers dealing with China-related policies, researchers and postgraduate students in political science, economics and Chinese studies will find this book a compelling exploration of the current and constant cooperation and conflict between government and market.
Book Synopsis Law and Economics with Chinese Characteristics by : David Kennedy
Download or read book Law and Economics with Chinese Characteristics written by David Kennedy and published by OUP Oxford. This book was released on 2013-03-21 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and economists largely agree that 'rule of law' and property rights are essential for a sound economic policy, particularly for most developing countries. But it is becoming increasingly apparent that transplanting legal frameworks from one society to another doesn't work - even though neoliberal orthodoxy has held that it should. China's economic development offers a backdrop for developing alternative viewpoints on these issues. In this book, economists, academics, and policymakers wade straight into the discussion, using China as a concrete reference point. The volume is the result of a series of dialogues among academics and policymakers from China and around the world. While the authors are not at all of one mind on many things, they do share the conviction that China is now entering a critical phase in its economic development and in its transition to a distinctly Chinese market economy. The essays cover a broad range of subjects that have been particularly relevant in China's growth, from property rights to social rights, corporate rights, institutions, intellectual property, and justice. Although the work thoroughly analyzes the best regulatory and institutional frameworks for China's evolving economic and political strategy, its ultimate goal is bigger: it seeks to aid policymakers in both developing and developed countries to create - or in the latter case reform - institutional and regulatory frameworks to achieve equitable and sustained development.
Book Synopsis The China Price by : Alexandra Harney
Download or read book The China Price written by Alexandra Harney and published by Penguin. This book was released on 2008-03-27 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work of investigative reporting, former Financial Times correspondent Alexandra Harney uncovers a story of immense significance to us all: how China's factory economy gains a competitive edge by selling out its workers, environment, and future. Harney's firsthand reporting brings us face-to-face with a world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact a staggering toll in human misery and environmental damage. This eye-opening expose offers, for the first time, an intimate look at the defining business story of our time.
Book Synopsis The Making of an Economic Superpower by : Yi Wen
Download or read book The Making of an Economic Superpower written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current "backward" financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream "blackboard" economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself. Contents: IntroductionKey Steps Taken by China to Set Off an Industrial RevolutionShedding Light on the Nature and Cause of the Industrial RevolutionWhy is China's Rise Unstoppable?Wha's Wrong with the Washington Consensus and the Institutional Theories?Case Study of Yong Lian: A Poor Village's Path to Becoming a Modern Steel TownConclusion: A New Stage Theory of Economic Development Readership: Academics, undergraduate and graduates students, journalists and professionals interested in economic development, the history of the Industrial Revolution, and especially China's economic transformation and industrial growth, as well as the political economy of governance.
