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25 Remote Warehouse Politics- General

Other titles in the Cambridge Modern China series:

From Mao To Market

by

From Mao To Market Cover

 

Synopses & Reviews

Publisher Comments:

In his book From Mao to Market, 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 balked 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 fueled 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.

Synopsis:

This book argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. In the 1980s, reformers opted for a hybrid system of price controls. Depressed fixed prices led to 'resource wars' as localities vied for control over undervalued commodities while inflated prices fueled an investment boom that saturated markets and led to import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had cleared the way for sweeping reforms.

Synopsis:

Reform in China succeeded because government failed to prevent local officials from forcing prices to market levels.

Synopsis:

Andrew Wedeman argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. Reformers opted for a hybrid system of price controls in the 1980s, wherein commodities had both fixed and floating prices. Depressed fixed prices led to "resource wars," as localities vied for control over undervalued commodities while inflated prices fueled an investment boom that saturated markets and led to import barriers. Although local rent seeking and protectionism appeared to carve up the economy, they had actually cleared the way for sweeping reforms.

Table of Contents

1. The pitfalls of reform; 2. Policy and institutional change; 3. Rent seeking and local protectionism; 4. Export protectionism; 5. Import protectionism; 6. Marketization; 7. Escaping from the pitfalls.

Product Details

ISBN:
9780521809603
Author:
Wedeman, Andrew Hall
Publisher:
Cambridge University Press
Author:
Wederman, Andrew
Author:
Wedeman, Andrew H.
Author:
Kirby, William
Location:
Cambridge, UK
Subject:
China
Subject:
Protectionism
Subject:
General Political Science
Subject:
Politics - General
Edition Number:
1
Edition Description:
Hardback
Series:
Cambridge modern China series
Series Volume:
107-338
Publication Date:
20140531
Binding:
HARDCOVER
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
10 line diagrams 4 tables
Pages:
292

Related Subjects

History and Social Science » Economics » General
History and Social Science » Politics » General
History and Social Science » World History » China

From Mao To Market New Hardcover
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$104.25 In Stock
Product details 292 pages Cambridge University Press - English 9780521809603 Reviews:
"Synopsis" by , This book argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. In the 1980s, reformers opted for a hybrid system of price controls. Depressed fixed prices led to 'resource wars' as localities vied for control over undervalued commodities while inflated prices fueled an investment boom that saturated markets and led to import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had cleared the way for sweeping reforms.
"Synopsis" by , Reform in China succeeded because government failed to prevent local officials from forcing prices to market levels.
"Synopsis" by , Andrew Wedeman argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. Reformers opted for a hybrid system of price controls in the 1980s, wherein commodities had both fixed and floating prices. Depressed fixed prices led to "resource wars," as localities vied for control over undervalued commodities while inflated prices fueled an investment boom that saturated markets and led to import barriers. Although local rent seeking and protectionism appeared to carve up the economy, they had actually cleared the way for sweeping reforms.
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