How Reform Worked in China

How Reform Worked in China
Author :
Publisher : MIT Press
Total Pages : 414
Release :
ISBN-10 : 9780262534246
ISBN-13 : 026253424X
Rating : 4/5 (46 Downloads)

Book Synopsis How Reform Worked in China by : Yingyi Qian

Download or read book How Reform Worked in China written by Yingyi Qian and published by MIT Press. This book was released on 2017-11-24 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important. As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the “School of Universal Principles,” which ascribes China's successful reform to the workings of the free market, and the “School of Chinese Characteristics,” which holds that China's reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers a third perspective, taking certain elements from each school of thought but emphasizing not why reform worked but how it did. Economics is a science, but economic reform is applied science and engineering. To a practitioner, it is more useful to find a feasible reform path than the theoretically best way. The key to understanding how reform has worked in China, Qian argues, is to consider the way reform designs respond to initial historical conditions and contemporary constraints. Qian examines the role of “transitional institutions”—not “best practice institutions” but “incentive-compatible institutions”—in Chinese reform; the dual-track approach to market liberalization; the ownership of firms, viewed both theoretically and empirically; government decentralization, offering and testing hypotheses about its link to local economic development; and the specific historical conditions of China's regional-based central planning.


How Reform Worked in China Related Books

How Reform Worked in China
Language: en
Pages: 414
Authors: Yingyi Qian
Categories: Business & Economics
Type: BOOK - Published: 2017-11-24 - Publisher: MIT Press

DOWNLOAD EBOOK

A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally im
How China Escaped Shock Therapy
Language: en
Pages: 256
Authors: Isabella M. Weber
Categories: Business & Economics
Type: BOOK - Published: 2021-05-26 - Publisher: Routledge

DOWNLOAD EBOOK

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assi
The State Strikes Back
Language: en
Pages: 251
Authors: Nicholas R. Lardy
Categories: Business & Economics
Type: BOOK - Published: 2019-01-01 - Publisher: Peterson Institute for International Economics

DOWNLOAD EBOOK

China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions o
Wu Jinglian
Language: en
Pages: 542
Authors: Barry J. Naughton
Categories: Business & Economics
Type: BOOK - Published: 2013-08-30 - Publisher: MIT Press

DOWNLOAD EBOOK

Writings by Wu Jinglian map not only China's path to economic reform but also the intellectual evolution of China's most influential economist. For more than th
China’s 40 Years of Reform and Development: 1978–2018
Language: en
Pages: 709
Authors: Ross Garnaut
Categories: Business & Economics
Type: BOOK - Published: 2018-07-19 - Publisher: ANU Press

DOWNLOAD EBOOK

The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars o