Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era

Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era

by Yasheng Huang
     
 

ISBN-10: 0521554837

ISBN-13: 9780521554831

Pub. Date: 06/28/1996

Publisher: Cambridge University Press

This book analyzes why local officials in China comply with investment-reduction and inflation-control policies of the central government against their own economic interests. The book shows the importance of political institutions, and provides a political story as to why China has been able to control inflation and to deepen reforms, in contrast to the former

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Overview

This book analyzes why local officials in China comply with investment-reduction and inflation-control policies of the central government against their own economic interests. The book shows the importance of political institutions, and provides a political story as to why China has been able to control inflation and to deepen reforms, in contrast to the former Soviet Union. While most other studies focus on the economic or political aspects, Inflation and Investment Controls in China integrates political and economic analysis.

Product Details

ISBN-13:
9780521554831
Publisher:
Cambridge University Press
Publication date:
06/28/1996
Edition description:
New Edition
Pages:
391
Product dimensions:
5.98(w) x 8.98(h) x 1.02(d)

Table of Contents

Figures and tables; Acknowledgements; Abbreviations; Preface; 1. Introduction; Part I. The Economic and Political Roles of Local Government Officials: 2. Local government officials as economic agents; 3. Local bureaucrats as investors: the investment roles of local governments; 4. The local officials in the bureaucratic hierarchy; Part II. Macroeconomic Policy Developments During the Reform Era: 5. Excess investment demand and austerity policies; Part III. Analyzing Local Investment Behavior: 7. Strategic investment behavior during austerity; 8. Bureaucratic investment behavior; 9. Conclusion: Political institutions, inflation control, and economic reforms; References; Indexes.

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