Growth without Miracles
Readings on the Chinese Economy in the Era of Reform
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Product details:
- Publisher OUP Oxford
- Date of Publication 15 March 2001
- ISBN 9780199240593
- Binding Paperback
- No. of pages528 pages
- Size 248x171x27 mm
- Weight 866 g
- Language English
- Illustrations numerous tables 0
Categories
Short description:
China's economic reform not only significantly improved the living conditions of the Chinese people but also provides a useful model of economic transition from central planning to a market economy. How did the Chinese economic reform succeed? What are the issues still to be addressed? And what are the lessons? This volume brings together thirty articles by prominent economists in the field of Chinese economic studies. It offers authoritative and thorough assessment and analyses of the Chinese experiences during the reform period.
MoreLong description:
China's economic reform constitutes one of the most remarkable events of the second half of the twentieth century. It not only significantly improved the living conditions of the Chinese population but also provides a useful model of economic transition from central planning to a market economy. The gradual approach to reform adopted by the Chinese was widely regarded as suboptimal and likely to fail when compared to the shock therapy method applied in the former Soviet Union and the Eastern European economies. But China has out-performed other transitional economies.
To many observers the Chinese experience is either a myth or a miracle. This volume addresses key questions about the initial economic foundations, the reform of macroeconomic policies and macroeconomic stability, the achievements of agricultural reform and the agricultural policy choices facing the Chinese government, the unique characteristics of the township and village enterprises, the successful reform of the state-owned enterprises, the development of factor markets, the contributions of the external sectors to economic growth, the lessons of the Chinese experience for transitional economies, and the challenges for economic threory.
Growth without Miracles brings together thirty widely cited articles by prominent economists in the field of China studies to offer authoritative and through assessment and analyses of Chinas experience during the reform period. It provides a complete story for teachers and students of courses on the Chinese economy and will be of considerable interest to researchers, officials, and business people who want to understand past experiences, current problems, and the future direction of the Chinese economy.
Table of Contents:
Part 1 Introduction and Overview
1 The Economic Growth of the Chinese Economy: A Historical Perspective
2 The Neither This nor That Economy
3 Completing Chinas Move to the Market
Part 2 Economic Foundations Before Reform
4 Foundations for the Future: The Building of Modern Machinery in Shanghai before the Pacific War
5 Pre-reform Economic Development in China
6 A Long-Term Appraisal of Country Risk
Part 3 Macroeconomic Policy and Stability
7 Economic Growth and Stability in China
8 Chinas Macroeconomic Performance and Management during Transition
Part 4 Agricultural Policy
9 Plan and Market in Chinas Agricultural Commerce
10 Rural Reforms and Agricultural Growth in China
11 How Should China Feed Itself?
Part 5 Rural Industrialization
12 Township, Village, and Private Industry in Chinas Economic Reform
13 Surrounding the Cities from the Countryside
14 The Nature of the Township-Village Enterprise
15 Public vs. Private Ownership of Firms: Evidence from Rural China
Part 6 Enterprise Reform and Industrial Development
16 Enterprise Reform in Chinese Industry
17 Incentives and Autonomy in Chinese State Enterprises
18 The State Sector under Reform
19 Chinas Industrial Growth and Efficiency: A Comparison between the State and the TVE sectors
Part 7 Factor Markets and Income
20 Towards a Labour Market in China
21 Fiscal Decentralization and Growing Regional Disparities in Rural China: Some Evidence in the Provision of Social Services
22 Wage Determination and Occupational Attainment in the Rural Industrial Sector of China
23 Income and Inequality in China: Composition, Distribution, and Growth of Household Income, 1988 to 1995
Part 8 External Sector
24 The Role of Foreign Trade and Investment in Chinas Economic Transformation
25 Institutional Change, Trade Composition, and Export Supply Potential in China
26 Chinas WTO Membership: Whats at Stake?
27 Chinas Integration into the World Economy
Part 9 Lessons from Chinas Experiences
28 How to Reform a Planned Economy: Lessons from China
29 Structural Factors in the Economic Reforms of China
30 Challenges of Chinas Economic System for Economic Theory
