Capitalism with Chinese Characteristics

Huang, Yasheng

Published by Cambridge University Press, 2008
ISBN 10: 0521898102 / ISBN 13: 9780521898102
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2008. 1st Edition. Hardcover. Explains why China grew differently in the 1980s than in the 1990s and beyond, and what consequences this has today. Num Pages: 366 pages, 9 tables. BIC Classification: 1FPC; 3JJPN; KCG; KCM; KCZ; KJH. Category: (UU) Undergraduate. Dimension: 238 x 161 x 26. Weight in Grams: 648. . . . . . . Bookseller Inventory #

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Synopsis: An Economist Book of the Year, 2008
This book presents a story of two Chinas - an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand, and the result was rapid as well as broad-based growth. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its productive rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. The single biggest obstacle to sustainable growth and financial stability in China today is its poor political governance. As the country marks its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.

Book Description: This book presents a story of two Chinas - an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand, and the result was rapid as well as broad-based growth. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its productive rural experiments, with long-lasting damage to the economy and society.

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Bibliographic Details

Title: Capitalism with Chinese Characteristics
Publisher: Cambridge University Press
Publication Date: 2008
Book Condition: New

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Huang, Yasheng
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Book Description Cambridge University Press, 2008. Hardcover. Condition: Good. Item may show signs of shelf wear. Pages may include limited notes and highlighting. Includes supplemental or companion materials if applicable. Access codes may or may not work. Connecting readers since 1972. Customer service is our top priority. Seller Inventory # S_213967435

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Book Description Cambridge University Press 9/1/2008, 2008. Hardback or Cased Book. Condition: New. Capitalism with Chinese Characteristics: Entrepreneurship and the State. Book. Seller Inventory # BBS-9780521898102

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