Markets Over Mao

China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's "commanding heights." In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003–13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be similarly market rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy where state firms remain protected, especially in energy and finance.

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  • Author : Nicholas R. Lardy
  • Publisher : Peterson Institute for International Economics
  • Pages : 154 pages
  • ISBN : 0881326933
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKMarkets Over Mao

Markets Over Mao

Markets Over Mao
  • Author : Nicholas R. Lardy
  • Publisher : Peterson Institute for International Economics
  • Release : 10 September 2014
GET THIS BOOKMarkets Over Mao

China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's "commanding heights." In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao

The Private Sector and China's Market Development

The Private Sector and China's Market Development
  • Author : Zhikai Wang
  • Publisher : Elsevier
  • Release : 30 September 2008
GET THIS BOOKThe Private Sector and China's Market Development

Based on case studies, this comprehensive review aims to explore the development of the private sector and how it stimulates industrial growth at regional level in China. The book traces the privatization mechanism and how it facilitates the process of industrialization and urbanization in rural China. The Private Sector and China’s Market Development looks at the evolution of market transition and the rapid growth of the private sector from aspects of both bottom up and top down institutional innovation.

Capitalism from Below

Capitalism from Below
  • Author : Victor Nee,Sonja Opper
  • Publisher : Harvard University Press
  • Release : 19 June 2012
GET THIS BOOKCapitalism from Below

Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.

The State Strikes Back

The State Strikes Back
  • Author : Nicholas R. Lardy
  • Publisher : Peterson Institute for International Economics
  • Release : 01 January 2019
GET THIS BOOKThe State Strikes Back

China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book

Private Participation in Infrastructure in China

Private Participation in Infrastructure in China
  • Author : Michel Bellier
  • Publisher : World Bank Publications
  • Release : 19 October 2021
GET THIS BOOKPrivate Participation in Infrastructure in China

Since the late 1970s China has made extensive policy reforms and infrastructure investments. Although there have been significant investments made over the past decades, most of these investments came from the public sector. The goal of this report is to help improve China's approach to private participation in infrastructure focusing on roads, water and sanitation, and power generation by expanding foreign direct investment and domestic financing in such projects. It compares China's experience with those of other countries.

China’s 40 Years of Reform and Development: 1978–2018

China’s 40 Years of Reform and Development: 1978–2018
  • Author : Ross Garnaut,Ligang Song,Cai Fang
  • Publisher : ANU Press
  • Release : 19 July 2018
GET THIS BOOKChina’s 40 Years of Reform and Development: 1978–2018

The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in

Private Equity in China. The struggle for China's private equity market supremacy between foreign and domestic market participants

Private Equity in China. The struggle for China's private equity market supremacy between foreign and domestic market participants
  • Author : Johannes Gmeiner
  • Publisher : GRIN Verlag
  • Release : 04 September 2018
GET THIS BOOKPrivate Equity in China. The struggle for China's private equity market supremacy between foreign and domestic market participants

Seminar paper from the year 2016 in the subject Economics - International Economic Relations, grade: 1,3, University of Würzburg, language: English, abstract: 2014 has been a year for the record books concerning private equity. Global investment exits through initial public offerings accumulated two trillion US dollar and about 500 billion US dollar have been collected in private equity funds for future investments. These impressive numbers show how important private equity has become in the international financial sector and China has evolved to one

Entrepreneurship in China

Entrepreneurship in China
  • Author : Andrew Atherton,Alex Newman
  • Publisher : Routledge
  • Release : 01 September 2017
GET THIS BOOKEntrepreneurship in China

The Chinese economy has grown faster for a longer period than any other economy in the world. It is now the second, and will soon become the largest, global economy. This is an astonishing transformation of a country that in the late 1970s was one of the poorest in Asia. Central to this economic miracle has been the emergence of a private sector of entrepreneurs who have started and grown businesses of all sizes and types. This book explores these

How China Became Capitalist

How China Became Capitalist
  • Author : R. Coase,N. Wang
  • Publisher : Springer
  • Release : 30 April 2016
GET THIS BOOKHow China Became Capitalist

How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that

Capitalism with Chinese Characteristics

Capitalism with Chinese Characteristics
  • Author : Yasheng Huang
  • Publisher : Cambridge University Press
  • Release : 01 September 2008
GET THIS BOOKCapitalism with Chinese Characteristics

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. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its 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

To Get Rich Is Glorious

To Get Rich Is Glorious
  • Author : Jacques deLisle,Avery Goldstein
  • Publisher : Brookings Institution Press
  • Release : 24 September 2019
GET THIS BOOKTo Get Rich Is Glorious

In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces

Private Equity in China

Private Equity in China
  • Author : Kwek Ping Yong
  • Publisher : John Wiley & Sons
  • Release : 12 January 2012
GET THIS BOOKPrivate Equity in China

Learn valuable lessons from the newly successful private equity players in China and explore the challenges and opportunities offered in Chinese markets The first book to deal with private equity finance in China, Private Equity in China: Challenges and Opportunities provides much-needed guidance on an investment concept that has so far proved elusive in Asia. Focusing on the opportunities that the Chinese finance market offers to private equity firms, the book shows how these firms can strategically position themselves in

A Comparative Study of Productivity and Efficiency Among State-owned, Private and Foreign-funded Enterprises in China

A Comparative Study of Productivity and Efficiency Among State-owned, Private and Foreign-funded Enterprises in China
  • Author : Anonim
  • Publisher : Unknown Publisher
  • Release : 19 October 2021
GET THIS BOOKA Comparative Study of Productivity and Efficiency Among State-owned, Private and Foreign-funded Enterprises in China

(Uncorrected OCR) Abstract of thesis entitled "A Comparative Study of Productivity and Efficiency among State-owned, Private and Foreign-funded Enterprises in China" Submitted by Tang Yuen Wai, Livia for the Master of Arts in China Area Studies at the University of Hong Kong in June 2003 Abstract: China's economy and its industries have been in a state of continuous transition since 1980. Three types of enterprise have been chosen for this study, to compare their productivity and efficiency. All three have played significant

China's Economic Rise

China's Economic Rise
  • Author : Congressional Research Service
  • Publisher : Createspace Independent Publishing Platform
  • Release : 17 September 2017
GET THIS BOOKChina's Economic Rise

Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now