The China Miracle : Development Strategy and Economic Reform

Paperback (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $12.06
Usually ships in 1-2 business days
(Save 46%)
Other sellers (Paperback)
  • All (4) from $12.06   
  • New (3) from $23.48   
  • Used (1) from $12.06   

Overview

The tremendous success of China's economic reform, in contrast with the vast difficulties encountered by the former Soviet Union and Eastern European countries in their transition, has attracted worldwide attention. Using a historical, comparative and analytic approach grounded in mainstream economics, the authors develop a consistent and rational framework of state-owned enterprises and individual agents to analyze the internal logic of the traditional Chinese planning system. They also explain why the Chinese economy grew slowly before the market-oriented reform in 1979 but became one of the fastest growing economies afterwards, and why the vigor/chaos cycle became part of China's reform process. The book also addresses the questions: Can China continue its trend of reform and development and become the largest economy in the world in the early twenty-first century? What are the general implications of China's experience of development and reform for other developing and transition economies? In this revised edition, the authors update the data and information in the book and include a new chapter on the impact of China's WTO accession on its reform.

The Chinese University Press

Read More Show Less

Product Details

  • ISBN-13: 9789622019850
  • Publisher: Chinese University Press, The
  • Publication date: 7/4/2003
  • Series: Friedman Lecture Fund Monograph Ser.
  • Edition description: REVISED
  • Pages: 432
  • Sales rank: 821,111
  • Product dimensions: 5.50 (w) x 8.30 (h) x 1.00 (d)

Meet the Author

Justin Yifu Lin is professor and founding director of the China Center for Economic Research (CCER) at Peking University and professor at the Hong Kong University of Science and Technology. His articles have appeared in various academic journals such as American Economic Review and Journal of Political Economy.Fang Cai is research fellow and director of the Institute of Demography, the Chinese Academy of Social Sciences, Beijing.Zhou Li is deputy director of the Institute of Rural Development, the Chinese Academy of Social Sciences, Beijing.

The Chinese University Press

Read More Show Less

Table of Contents

Foreword to the First Edition
Foreword to the First Edition
Preface to the Revised Edition
Preface to the First Edition
The Authors
1.1 Economic Development Since Reform, and Prospects for the 21st Century 3
1.2 Policy Barriers to Persistent Growth 19
1.3 Key Questions 25
2.1 Logical Starting Point: Heavy-industry as the Priority of Development 30
2.2 Basic Characteristics of Heavy Industries vs. China's Economic Reality 37
2.3 The Macro-policy Environment for the Heavy-industry-oriented Development Strategy 39
2.4 The Planned Resource-allocation System 46
2.5 Micro-management Institutions Characterized by Nationalization and the People's Commune System 52
2.6 The Trinity of the Traditional Economic System: An International Comparison 59
3.1 Economic Growth Before Reform 70
3.2 Distorted Structures Under the Traditional Economic Strategy 74
3.3 Lack of Incentives and Low Efficiency 84
3.4 Leap-forward Strategies: An International Comparison 91
4.1 Different Interpretations of the East Asian Miracle 104
4.2 An Alternative Development Strategy 108
4.3 Comparative Advantage and Upgrading the Factor-endowment Structure 115
4.4 The Government's Role in Economic Development 120
4.5 The Comparative-advantage-following Strategy and the Asian Financial Crisis 127
5.1 Differences between Pre-1978 and Post-1978 Reforms 138
5.2 Reform of the Micro-management Institution 140
5.3 Reform of the Planned Resource-allocation System 156
5.4 The Reform of the Macro-policy Environment 171
5.5 The Economic Logic of "Crossing the River by Groping the Stones" - China's Approach to Reform 177
6.1 Improvement of Incentives and Efficiency 184
6.2 Correction of the Industrial Structure 190
6.3 Exploitating Comparative Advantage 197
7.1 The Cyclic Nature of Reform and Development 204
7.2 Rent-seeking and Corruption 210
7.3 Difficulties in the Reform of State-owned Enterprises 215
7.4 Non-performing Loans and Malpractice in the Financial System 221
7.5 The Aggravation of Uneven Regional Development 223
7.6 The Potential of Grain Supply 231
8.1 Coordination of the State-owned Enterprise Reform and the Reform in Economic System 237
8.2 Further Reform and Prevention of Financial Crises 252
8.3 Exploiting Comparative Advantages to Realize Sustainable Economic Development 254
9.1 The Demand Side of Deflation 258
9.2 Serious Over-supply Is the Main Cause of Deflation 265
9.3 The Effects of Excess Capacity and Deflation 271
9.4 The New Village Movement and Solution to Deflation 275
10.1 WTO Accession and China's Agriculture 285
10.2 Accession's Potential Impacts on Financial Sector 289
10.3 WTO Accession and SOE Reform 293
11.1 The Starter and Propellers of Reform 308
11.2 The Approach and Characteristics of Economic Reform 314
11.3 General Implications of China's Reform Approach 325
Bibliography 347
Index 375
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)