Name: From mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)
Price: 1856.00 TWD
Availability: InStock
Author: Andrew H. Wedeman
ISBN: 9780521100151

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

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

Type

Physical Book

Publisher

Cambridge University Press

Author

Andrew H. Wedeman

Year

2009

Language

English

Pages

300

Format

Paperback

ISBN

0521100151

ISBN13

9780521100151

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

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.

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From mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series) - Andrew H. Wedeman

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

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