Zhu Rongji and the transformation of modern China / Laurence J. Brahm.

Format:

Book

Author/Creator:

Brahm, Laurence J.

Language:

English

Subjects (All):

Zhu, Rongji, 1928-.

Zhu, Rongji.

China--Economic policy--1976-2000.

China.

Economic policy.

China--Economic policy--2000-.

Physical Description:

xxxiv, 302 pages ; 24 cm

Place of Publication:

Singapore ; New York : Wiley Eastern, [2002]

Summary:

China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force -- Zhu Rongji. A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies. In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.

Contents:

Part I Managed Marketization 1

Chapter 1 Runaway Economics 3

Chapter 2 Anatomy of Triangle Debt 36

Chapter 3 Death of an Irregular Financial Institution 67

Chapter 4 Crisis Management 96

Chapter 5 Managed Marketization 139

Part II The "Way" of Reform 159

Chapter 6 Banking on Financial Reform 161

Chapter 7 Re-engineering the Rust 184

Chapter 8 Cutting Red Tape 215

Chapter 9 "Five Items of Reform" 234

Chapter 10 WTO: Enter the Dragon 261

Conclusion: China After Zhu 281.

Notes:

Includes index.

ISBN:

0470820632

OCLC:

49834024