Markets over Mao : the rise of private business in China / Nicholas R. Lardy.

Format:

Book

Author/Creator:

Lardy, Nicholas R., author.

Language:

English

Subjects (All):

Government business enterprises--China.

Government business enterprises.

Privatization--China.

Privatization.

China--Economic policy--1976-2000.

China.

China--Economic conditions--1976-2000.

Physical Description:

1 online resource

Edition:

1st ed.

Place of Publication:

Washington, District of Columbia : Peterson Institute for International Economics, 2014.

Summary:

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.

Contents:

Cover

Praise for Markets over Mao

Title page

Copyright page

Table of Contents

Preface

PIIE's Board of Directors

Acknowledgments

Introduction

Chapter 1 State versus Market Capitalism

Chapter 2 Reform of State-Owned Enterprises

Chapter 3 Rise of the Private Sector

Chapter 4 Implementing the Reform Agenda

Appendices

Appendix A

Appendix B

References

Index

Other Publications from the Peterson Institute for International Economics

Distributors outside the United States

Back cover.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9780881326949

0881326941

OCLC:

891397151