Economic Reform in China: Problems and Prospects

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In September 1988, the Cato Institute held an historic conference in Shanhai, which was cosponsored with the prestigious Fudan University. During that conference, Milton Friedman received an honorary professorship at Fudan University and there was an openness of discussion about the course of China's economic reform movement.
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Product Details

  • ISBN-13: 9780226158327
  • Publisher: University of Chicago Press
  • Publication date: 11/28/1990
  • Series: Phoenix Poets Ser.
  • Edition description: 1
  • Pages: 400
  • Product dimensions: 5.94 (w) x 9.18 (h) x 0.90 (d)

Table of Contents

Crisis and Opportunity in China
Edward H. Crane

Editors' Preface
Part 1 - China in Transition: Setting a Framework for Reform
1. Using the Market for Social Development
Milton Friedman

Comment: Planning and the Market
Pu Shan
2. Privatization vs. Special Interests: The Experience of China's Economic Reforms
Steven N. S. Cheung
Comment: Establishing a New Order of the Socialist Commodity Economy
Xu Pengfei
3. Pricing and Property: The Chinese Puzzle
James A. Dorn
4. Economic Chaos or Spontaneous Order? Implications for Political Economy of the New View of Science
Don Lavoie
Comment: The Impact and Influence of the New View of Science on China's Reform
He Weiling
Part II - Decentralization and Development in China
5. The Importance of Reorganizing Money, Credit, and Banking When Decentralizing Economic Decisionmaking
Peter Bernholz
Comment: Financial Reform: A Prerequisite for Development
Liu Funian
Comment: On the Importance of Decentralizing Money
George A. Selgin
6. Recent Developments in China's Financial Sector: Financial Instruments and Markets
Christine I. Wallich
7. Institutional Reforms in Chinese Agriculture: Retrospect and Prospect
Justin Yifu Lin
8. Property in Chinese Development: Some Historical Comparisons
John P. Powelson
Comment: Property Rights and Development: The Moral Dimension
Jo Ann Kwong
Comment: Reforming China's Property System
Chen Weishu
9. Private Provision of Government Services
Gabriel Roth

Comment: The "Socialization" of Public Services
Zhou Mingwei
10. Economic Growth and Reform in China's Provinces, Municipalities, and Regions
Thomas R. Dye
Comment: The Problem of Decentralization in China
Wang Xi
Part III - Economic Reform and Foreign Relations
11. The Impact of China's Reform and Development on the Outside World
Xu Zhiming
12. The China-Hong Kong Connection
Yun-Wing Sung
Comment: The Role of Hong Kong in China's Reform
He Gaosheng
Comment: The Integration of Hong Kong and China
John G. Greenwood
13. East Asian Economic Success: Implications for Chinese and U.S. Foreign Policy
Edward A. Olsen
Comment: China's Market, U.S. Competitiveness, and Socialism
Chen Qida
14. The United States, China, and the Soviet Union: Managing a Complex Triangular Relationship
David M. Lampton
Comment: Challenges Facing Sino-American-Soviet Relations
Lu Yimin
15. China and America in a Changing World Order
Ted Galen Carpenter
Part IV - The Road to China's Future
16. The Roots of China's Crisis
Nien Cheng
17. A Free-Market Constitution for Hong Kong: A Blueprint for China
Alvin Rabushka
Comment: Freedom and Reform in Asian-Pacific Economies
Richard Y. C. Wong
Comment: China and the Growth-Oriented Policies of the Pacific Basin
George Shen
18. Economic Deregulation in the United States: Lessons for America, Lessons for China
William A. Niskanen
19. Let a Billion Flowers Bloom
George Gilder

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