From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)

Wedeman, Andrew H.

ISBN 10: 0521809606 / ISBN 13: 9780521809603

Edité par Cambridge University Press, 2003

In. N° de réf. du vendeur ria9780521809603_new

Synopsis :

Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Détails bibliographiques

Titre : From Mao to Market: Rent Seeking, Local ...
Éditeur : Cambridge University Press
Date d'édition : 2003
Reliure : Couverture rigide
Etat : New