Back-Alley Banking: Private Entrepreneurs in China / Edition 1

Paperback (Print)
Buy New
Buy New from BN.com
$22.71
Buy Used
Buy Used from BN.com
$17.16
(Save 34%)
Item is in good condition but packaging may have signs of shelf wear/aging or torn packaging.
Condition: Used – Good details
Used and New from Other Sellers
Used and New from Other Sellers
from $10.53
Usually ships in 1-2 business days
(Save 59%)
Other sellers (Paperback)
  • All (11) from $10.53   
  • New (3) from $19.17   
  • Used (8) from $10.53   

Overview

Kellee S. Tsai draws on her unparalleled fieldwork in China's world of shadow finance to challenge conventional ideas about the political economy of development. Business owners in China, she shows, have mobilized local social and political resources in innovative ways despite the absence of state-directed credit or a well-defined system of private property rights. Entrepreneurs and local officials have been able to draw on the uncertainty of formal political and economic institutions to enhance local prosperity.
Read More Show Less

Editorial Reviews

From the Publisher
"Although there has been widespread amazement over the mushrooming of private enterprises in China, Tsai is the first scholar to research where new entrepreneurs get their necessary capital. Through probing interviews and archival research, she directs a bright light into the dark corners of China's gray economy."—Foreign Affairs, vol. 81, no. 6, November/December 2002.

"This book should be required reading for faculty and students focusing on China's political economy. Private entrepreneurs venturing into China should also avail themselves to this work. Tsai has done academic and business interests a tremendous service by documenting how private entrepreneurs use informal financial networks."—Mark T. Fung, Paul H. Nitze School of Advanced International Studies at Johns Hopkins University, The China Business Review, March-April 2003.

"The actions taken by many local officials to allow or facilitate private entrepreneurs to compete with state banks for savings and channel credit away from state-designated users in the public sector, for example, have run counter to their formal role as the guardians of public ownership and accelerated its decline. In revealing the local political logic behind such unintended consequences of reform, Back-Alley Banking makes an excellent contribution to the study of Chinese political economy."—Yi-min Lin, Hong Kong University of Science and Technology, Perspectives on Politics, vol. 1, no. 3, September 2003.

"This is a remarkable book, and Tsai deserves praise for her insight and ingenuity. . . . She has compiled rare and valuable information on an informal economy that is, by definition, elusive and unofficial. Tsai is also unusually adept at acknowledging and building upon previous research in fields other than her own—in particular, economics and sociology. In this book she combines scholarship with great storytelling. Back-Alley Banking is essential reading for development economists and China scholars alike."—John W. Welborn, Cato Institute, Cato Journal

"Kellee Tsai sets out to explain China's mystery of the missing billions, and she does a formidable job. Extensive fieldwork in Guandong, Fujian, and Henan . . . allowed her to put together an empirically rich, scientifically rigorous (at least as much as it can be with such a subject) and fascinating study of the various forms that informal financing has taken in reform China. It is an insightful and wonderful read."—Stephen Green, The Royal Institute of International Affairs, International Affairs vol. 79, no. 1, January 2003.

"Kellee Tsai has produced an outstanding account of the system of informal finance for small-scale entrepreneurs in China. It sets a standard for research on the informal side of economic change in China."—Doug Guthrie, New York University, Journal of Asian Business 19:2

"Small businesspeople in China have no hope of getting money from the formal banking system. Small entrepreneurs can only prosper through informal and often illegal finance. Kellee Tsai is resourceful, thorough, and penetrating in finding out how this informal sector works. In Back-Alley Banking, she's done a masterful job."—Ezra F. Vogel, Harvard University

"Back Alley Banking is the most informative study of the financial dealings behind China's informal economy that I have encountered. Kellee S. Tsai showsthe subject in its full human color and complexity."—Hill Gates, author of China's Motor: A Thousand Years of Petty Capitalism

"Back Alley Banking is based on field work of remarkable richness and enormous intrinsic interest. Moreover, there is nothing in the English language literature on the important topic of informal credit markets in China."—Barry Naughton, University of California, San Diego

Read More Show Less

Product Details

  • ISBN-13: 9780801489174
  • Publisher: Cornell University Press
  • Publication date: 2/15/2004
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 336
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.90 (d)

Table of Contents

Preface
List of Abbreviations
Note on Conversion of Key Measures and Romanization
1 The Power of Informal Institutions 1
2 The Political Economy of Informal Finance in China 24
3 Gendered Worlds of Finance in Fujian 60
4 Financial Innovation and Regulation in Wenzhou 120
5 Creative Capitalists in Henan 166
6 Curb Markets in Comparative Context 215
7 The Local Logics of Economic Possibility 246
App. A Research Methodology 267
App. B List of Non-Survey Field Interviews, 1994-2001 279
App. C List of Surveys, 1996-97 286
App. D Coding for Business Types 290
App. E Comparative Summary of Rotating Savings and Credit Associations 291
Sources Cited in Table 6.1 and Appendix E 296
Glossary of Chinese Terms 300
Index 307
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)