Free Delivery Over $100
|
|
|||
|
||||
OverviewChina'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. Full Product DetailsAuthor: Fan ZhangPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd ISBN: 9781784716905ISBN 10: 1784716901 Pages: 320 Publication Date: 28 September 2018 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsContents: Introduction to The Institutional Evolution of China 1. Analytical Framework 2. From Command-and-Control to Reform: 1949-1978 3. Reform 1979-1989: Building Market Institutions 4. Reform and Political Coalition: 1990-2003 5. Stagnation: 2003-2012 6. The Post-Reform Period: 2012-Present 7. Lessons Learned and Long-Term Expectations References IndexReviews`Professor Fan Zhang's book provides an illuminating framework for understanding the logic of reforms in China. Being an expert on institutional economics and having personally participated in policy-making during the 1980s, Fan Zhang has come up with a powerful argument that the support from a winning political coalition is a key determinant of economic reforms. The book makes this point with vivid examples of reforms on agriculture, state-owned-enterprises, product market, and financial systems. A must-read on reforms in China.' -- Tianyang Xi, Peking University, China `The essence of China's more than three decades of economic reforms is the change of institutions. This book briefly and systematically records this process starting from the late 1970s up to early 2017. It is a good textbook for teaching Chinese economy in universities; and a good reference for scholars studying China.' -- Chenggang Xu, Cheung Kong Graduate School of Business, China Author InformationFan Zhang, National School of Development, Peking University, China Tab Content 6Author Website:Countries AvailableAll regions |
||||
