Markets Over Mao
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| Author | : Nicholas R. Lardy |
| Publisher | : Peterson Institute for International Economics |
| Total Pages | : 302 |
| Release | : 2014-09-10 |
| Genre | : Business & Economics |
| ISBN | : 0881326933 |
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 |
| Total Pages | : 251 |
| Release | : 2019-01-01 |
| Genre | : Business & Economics |
| ISBN | : 0881327387 |
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 | : Dean LeBaron |
| Publisher | : John Wiley & Sons |
| Total Pages | : 338 |
| Release | : 2002-10-01 |
| Genre | : Business & Economics |
| ISBN | : 0471275034 |
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 | : Robin Porter |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2011 |
| Genre | : China |
| ISBN | : 9780231701907 |
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 | : Andrew H. Wedeman |
| Publisher | : Cambridge University Press |
| Total Pages | : 296 |
| Release | : 2003-07-10 |
| Genre | : Political Science |
| ISBN | : 1139437852 |
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 |
| Total Pages | : 366 |
| Release | : 2002-03-18 |
| Genre | : Business & Economics |
| ISBN | : 9780521664424 |
This book will be provocative reading for anyone concerned with China and the world economy.
| Author | : R. Coase |
| Publisher | : Springer |
| Total Pages | : 268 |
| Release | : 2016-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1137019379 |
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 | : Maurice Meisner |
| Publisher | : Simon and Schuster |
| Total Pages | : 614 |
| Release | : 1999-04 |
| Genre | : History |
| ISBN | : 0684856352 |
Presents a revised account of the revolution of 1966-1969 - Examines the social and political consequences of the upheaval - Deng Xiaoping - Democracy movement - Tienamnen Incident - Mao Zedong - The hundred flowers - Great Leap Forward.
| Author | : Isabella M. Weber |
| Publisher | : Routledge |
| Total Pages | : 256 |
| Release | : 2021-05-26 |
| Genre | : Business & Economics |
| ISBN | : 042995395X |
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 | : Hua-Yu Li |
| Publisher | : Harvard Cold War Studies Book Series |
| Total Pages | : 276 |
| Release | : 2006 |
| Genre | : Biography & Autobiography |
| ISBN | : |
In the first systematic study of its kind, Hua-yu Li explains why, in 1953, Mao suddenly changed direction in economic policy and launched China on a Stalinist road to socialism. In so doing, he profoundly changed the country's economic and political landscape. Including rich archival materials recently released from China and Russia, this book carefully examines Mao's ideological orientation and his relationship with Stalin. Li argues that Mao made this policy shift for two reasons: his commitment to Stalin's ideas as expressed in an influential historical text compiled under Stalin's guidance on the Soviet experience of building socialism and his competitive zeal to surpass Stalin by building socialism in China faster than Stalin had achieved it in the Soviet Union. The timing of the change arose from Mao's belief that China was ready to begin building socialism and from his interpreting an ambiguous statement Stalin made in October 1952 as an endorsement of the policy shift. Situating its analysis within the larger context of the world communist movement, this carefully researched book will have a profound impact on the fields of communist studies and Sino-Soviet relations and in studies of Mao, Stalin, and their relationship.
