Markets Over Mao

Author : Nicholas R. Lardy
Publisher : Peterson Institute for International Economics
Page : 154 pages
File Size : 53,9 Mb
Release : 2014-09-10
Category : Business & Economics
ISBN : 9780881326932

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Markets Over Mao by Nicholas R. Lardy Pdf

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.

Author : Nicholas R. Lardy
Publisher : Peterson Institute for International Economics
Page : 258 pages
File Size : 43,5 Mb
Release : 2019-01-01
Category : Business & Economics
ISBN : 9780881327380

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The State Strikes Back by Nicholas R. Lardy Pdf

China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.

Author : Donghyun Park
Publisher : World Scientific
Page : 361 pages
File Size : 50,7 Mb
Release : 2019-02-25
Category : Business & Economics
ISBN : 9789813274532

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Capitalism In The 21st Century: Why Global Capitalism Is Broken And How It Can Be Fixed by Donghyun Park Pdf

'Dr Donghyun Park is a prominent and rare economist in Asia who can combine frontline economic theories, lively data, and real-time policy analyses. Capitalism in the 21st Century is a masterful book by Dr Park, providing a comprehensive understanding of heterogenous trajectories of economies around the globe and more fundamental mechanisms of the modern capitalistic system. This is a 'must-read' for those who are interested in comparative economic systems, global economy, and international development.'Yasuyuki SawadaChief Economist, Asian Development BankProfessor of Economics, University of Tokyo'Donghyun Park makes clear that capitalism gets a bad rap, in large part because of too much emphasis on capital as in financial engineering, and too much emphasis on capitals as in government protectionism. Park argues a compelling case that genuine capitalism, which is about entrepreneurship, is necessary to solve the big problems most people face around the globe.'Adam S PosenPresident, Peterson Institute of International EconomicsGlobal capitalism is currently suffering from an unmistakable malaise, epitomized by wide and growing inequality that is eroding popular support for capitalism. Such anti-capitalist sentiment, coupled with a growing anti-globalization mood, delivered Brexit in a UK referendum and swept Donald Trump to the US presidency. In Capitalism in the 21st Century, internationally well-regarded economist Dr Donghyun Park articulately explains why more capitalism is needed to tackle global problems such as climate change and inhumane poverty. While defending capitalism against its unfair demonization, the author makes a positive case for entrepreneurial capitalism, which creates wealth and jobs as well as drives human progress. According to the author, reforming the financial industry, which has become a self-serving leviathan, and more fundamentally, tweaking the economic role of the government, which stifles growth-promoting entrepreneurship, are critical to restoring the vitality of capitalism. The book is explicitly written in such a way that the general reader without any background in economics or finance can easily understand it.Related Link(s)

Author : Robin Porter
Publisher : Unknown
Page : 0 pages
File Size : 54,9 Mb
Release : 2011
Category : China
ISBN : 023170190X

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From Mao to Market by Robin Porter Pdf

Drawing on decades of research and teaching on China, Robin Porter presents a nuanced view of the country's modern evolution and its myriad historical influences. Porter has a wealth of practical experience with China, having first visited the country during the Cultural Revolution and having worked as an editor at the Xinhua News Agency during the 1970s. In this volume, he explicitly accounts for the factors that gave rise to China's current trends and behaviors, offering both scholars and newcomers a rich portrait of an unpredictable though formidable world power.Porter begins with China's social and political development from earliest times to the modern period. He concludes with the country today, then steps back to assess the events that have most determined China's evolution. He concentrates on the role played by politics and culture in conditioning every aspect of Chinese life. His analysis considers the country's Confucian heritage, orthodoxy in ideology and law, political command structures, technological innovation, enterprise management, public policy and private goals, and the prospects for democracy.With personal insight and privileged perspective, Porter clarifies a number of myths and mysteries about modern China and evaluates the implications of its expansion in the balance of world power. He provides crucial context for the China dimension that has become so central to discussions of national and international policy.

Author : John Gittings
Publisher : OUP Oxford
Page : 384 pages
File Size : 48,9 Mb
Release : 2006-07-06
Category : History
ISBN : 9780191622373

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The Changing Face of China by John Gittings Pdf

Where is China heading in the 21st century? Can its Communist Party survive or is it being challenged by growing inequality and unrest? Will the US and China cooperate or compete in a dangerous future? Will China's economic boom be brought to a halt by environmental catastrophe? In this highly readable account, John Gittings provides the essential information to help answer these vital questions for the world. In the 60 years since Mao Zedong took the road to victory, China has undergone not one but two revolutions. The first swept away the old corrupt society and sought to build a 'spotless' new socialism behind closed doors; the second since Mao's death has focused on an economic agenda which accepts the goals of global capitalism. From Mao to the global market, Gittings charts this complex but epic tale and concludes with some hard questions for the future.

Author : Dean LeBaron
Publisher : John Wiley & Sons
Page : 338 pages
File Size : 43,6 Mb
Release : 2002-10-01
Category : Business & Economics
ISBN : 9780471275039

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Mao, Marx & the Market by Dean LeBaron Pdf

Praise for MAO, MARX & THE MARKET "This is a gripping tale from start to finish, an extraordinary adventure told by a brilliant and idealistic businessman confronted by political disloyalty and chicanery on an epic scale. LeBaron tells his story with a punch, but his basic instincts of morality and decency shine throughout." --Peter L. Bernstein, President, Peter L. Bernstein, Inc., author of The Power of Gold: The History of an Obsession "An insight-packed thriller summarizing a brilliant contrarian investor s adventures in the two great dramas of our era Russia and China; chock-full of pithy lessons relevant for investors and observers alike." --Graham Allison, Director, Robert and Renee Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University "Dean LeBaron s book on his adventures in Russia and China is a fun read. I recommend it to anyone taking their first or second or third visit to either country for business or pleasure. LeBaron brings out the personal warmth of these countries in terms of their individuals, as well as the obvious complexities of dealing with them." --David Gill, Board Member of several companies involved with Russia, Retired International Finance Corporation Official "This is the fascinating story of Dean LeBaron in his quest to participate right from the start in the opening of China and Russia following the demise of their socialist/ communist regimes. It is the best account of what happened in the emerging market world in the nineties." --Marc Faber, Editor, The Gloom Boom & Doom Report,Managing Director, Marc Faber Limited "Adventure capitalist Dean LeBaron is the Indiana Jones of finance. Follow his escapades in emerging markets and get an insider s view of the birth of capitalism in Russia and China. You ll be amused, entertained, and instructed. Mao, Marx & the Market provides a fascinating insider s view of the creation of market economies with all their attendant travails. A must read." --Bill Miller, CFA, Chief Executive Officer, Legg Mason Funds Management, Inc.

Author : Andrew H. Wedeman
Publisher : Cambridge University Press
Page : 296 pages
File Size : 48,9 Mb
Release : 2003-07-10
Category : Political Science
ISBN : 9781139437851

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From Mao to Market by Andrew H. Wedeman Pdf

Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Author : Thomas Geoffrey Moore
Publisher : Cambridge University Press
Page : 366 pages
File Size : 49,6 Mb
Release : 2002-03-18
Category : Business & Economics
ISBN : 052166442X

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China in the World Market by Thomas Geoffrey Moore Pdf

This book will be provocative reading for anyone concerned with China and the world economy.

Author : Christopher Marquis,Kunyuan Qiao
Publisher : Yale University Press
Page : 383 pages
File Size : 55,8 Mb
Release : 2022-11-15
Category : Electronic
ISBN : 9780300263381

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Mao and Markets by Christopher Marquis,Kunyuan Qiao Pdf

A thoroughly researched assessment of how China's economic success continues to be shaped by the communist ideology of Chairman Mao It was long assumed that as China embraced open markets and private enterprise, its state-controlled economy would fall by the wayside, that free markets would inevitably lead to a more liberal society. Instead, China's growth over the past four decades has positioned state capitalism as a durable foil to the orthodoxy of free markets, to the confusion of many in the West. Christopher Marquis and Kunyuan Qiao argue that China's economic success is based on--not in spite of--the continuing influence of Communist leader Mao Zedong. They illustrate how Mao's ideological principles, mass campaigns, and socialist institutions have enduringly influenced Chinese entrepreneurs' business strategies and the management of their ventures. Grounded in case studies and quantitative analyses, this book shows that while private enterprise is the engine of China's growth, Chinese companies see no contradictions between commercial drive and a dedication to Maoist ideology.

Author : Philip P. Pan
Publisher : Simon and Schuster
Page : 371 pages
File Size : 45,7 Mb
Release : 2008
Category : History
ISBN : 9781416537052

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Out of Mao's Shadow by Philip P. Pan Pdf

An inside analysis of modern cultural and political upheavals in China by a fluent Beijing correspondent describes the power struggles currently taking place between the party elite and supporters of democracy, the outcome of which the author predicts will significantly affect China's rise to a world super-power. 125,000 first printing.

Author : R. Coase,N. Wang
Publisher : Springer
Page : 256 pages
File Size : 42,9 Mb
Release : 2016-04-30
Category : Business & Economics
ISBN : 9781137019370

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How China Became Capitalist by R. Coase,N. Wang Pdf

How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.

Author : Frederick C. Teiwes,Warren Sun
Publisher : M.E. Sharpe
Page : 378 pages
File Size : 49,9 Mb
Release : 1998-12-14
Category : History
ISBN : 0765637766

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China's Road to Disaster by Frederick C. Teiwes,Warren Sun Pdf

This text analyzes the dramatic shifts in Chinese Communist Party economic policy during the mid to late 1950s which eventually resulted in 30 to 45 million deaths through starvation as a result of the failed policies of the Great Leap Forward. Teiwes examines both the substance and the process of economic policy-making in that period, explaining how the rational policies of opposing rash advance in 1956-57 gave way to the fanciful policies of the Great Leap, and assessing responsibility for the failure to adjust adequately those policies even as signs of disaster began to reach higher level decision makers. In telling this story, Teiwes focuses on key participants in the process throughout both "rational" and "utopian" phases - Mao, other top leaders, central economic bureaucracies and local party leaders. The analysis rejects both of the existing influential explanations in the field, the long dominant power politics approach focusing on alleged clashes within the top leadership, and David Bachman's recent institutional interpretation of the origins of the Great Leap. Instead, this study presents a detailed picture of an exceptionally Mao-dominated process, where no other actor challenged his position, where the boldest step any actor took was to try and influence his preferences, and where the system in effect became paralyzed while Mao kept changing signals as disaster unfolded.

Author : Yongnian Zheng,Yanjie Huang
Publisher : Cambridge University Press
Page : 493 pages
File Size : 43,7 Mb
Release : 2018-09-06
Category : Business & Economics
ISBN : 9781108473446

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Market in State by Yongnian Zheng,Yanjie Huang Pdf

Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles.

Author : Isabella M. Weber
Publisher : Routledge
Page : 256 pages
File Size : 51,9 Mb
Release : 2021-05-26
Category : Business & Economics
ISBN : 9780429953958

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How China Escaped Shock Therapy by Isabella M. Weber Pdf

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.

Author : Nicholas R. Lardy
Publisher : Peterson Institute
Page : 213 pages
File Size : 55,6 Mb
Release : 2012
Category : China
ISBN : 9780881326475

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Sustaining China's Economic Growth After the Global Financial Crisis by Nicholas R. Lardy Pdf