China's Reform: History, Logic, and Future

by Guoqiang Tian, Xudong Chen

Overview

This book is about where to go and what to do in China’s reform. Its comprehensive overview and economic analysis of China’s reform offers a coverage not found in other English language text. It provides an overview of China’s development and reform practice, an economic analysis of China’s market-oriented reform and a brief introduction to the theoretical origin, practices, and defects of the planned economy. In so doing, this book demonstrates that the key to the success of China’s reform lies in drawing reasonable governance boundaries between government and the market and between government and society. It further discusses the basic elements required for modernizing China’s state governance system and conducts an analysis of China’s reform and development in 13 key fields. The analysis is based on three dimensions—theoretical logic, practical knowledge, and a historical perspective. This book proposes three elements of comprehensive state governance—inclusive economic institutions; the state capacity to plan and implement policies and laws; and an inclusive and transparent civil society with democracy, the rule of law, fairness, and justice. Its analysis also features the novel application of mechanism design theory by employing the two core ideas of information and incentives and a new research methodology consisting of “three dimensions and six natures”.

This book reviews and grasps China’s reform through a qualitative analysis of economic theories and an empirical analysis of statistics from a historical perspective spanning over 180 years. It is proposed to be an important reference for understanding the past, present, and future of China’s reform and teaching about the potential economic superpower. It can also serve as an essential resource for those who are interested in China's economic reform and development.

Product Details

ISBN-13:	9789811954696
Publisher:	Springer Nature Singapore
Publication date:	10/04/2022
Edition description:	1st ed. 2022
Pages:	457
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Guoqiang Tian is Alfred F. Chalk Professor of Economics at the Department of Economics of Texas A&M University. His research interests include economic theory, mechanism design theory, game theory, auction theory, matching theory, mathematical economics, economic transition, and the Chinese economy. He has published over 100 articles in major international journals and more than 100 articles in leading Chinese journals. He is a recipient of the 16th Sun Yefang Award, China’s highest honor in economic science, for the Chinese version of this book.

Xudong Chen is an Associate Research Fellow and Assistant to the Dean of the Institute for Advanced Research at Shanghai University of Finance and Economics. He focuses on history of economic thought and the Chinese economy in his research. He has published about 30 articles in leading Chinese academic journals, such as the Economic Research Journal and Academic Monthly. He is a recipient of the 16th Sun Yefang Award for the Chinese version of this book.

Table of Contents

Exploring the Way to China’s Modernization.- Four Major Reforms in China since the Modern Times.- Achievements of Reform: Development, Transition, and Globalization.- Experience from China’s Reform.- Three Stages of China’s Economic Institutional Transition.- The Origin of the Traditional Socialist Economic System and the Soviet Model.- Practice of China’s Planned Economic System (1949–1977).- Economic Analysis of Planned Economic Systems.- Economic Analysis of the Market Economy System.- Economic Analysis of China’s Economic Reform.- Consistency between Building a Harmonious Society and Establishing a Modern Market System.- China Model: Essence, Flaws, and Solutions.- Underlying Problems with China’s Economic Development.- To Enrich People is the First Step in Improving National Strength.- Reasonably Defining the Governance Boundaries between Government and the Market and between Government and Society.- “Four Transitions” to be Achieved in China’s Further Reform and Development.- Straightening out Ten Basic Relationships and Promoting the Construction of Long-acting Institutions.- Reform of Political System.- Construction and Reform of the Rule of Law.- Reform of Cultural System and Civilization Value Identification.- Opening-up.- Rural Reform, Cities, and Urbanization.- Marketization Reform of Factors.- Reform of Financial System.- Reform of State-owned Enterprises and Development of Private Economy.- Reform of Fiscal and Tax System and State Public Governance Mode.- Social Security Reform.- Reform of Medical and Health Care System.- Reform of the Ecological Civilization System.- Reform of the Education System.