The Chinese Economy in Transition: From Plan to Market
The Chinese Economy in Transition provides an analysis of the economic reforms introduced under Deng Xiaping. It attempts to answer the question: what is the economic system that the Chinese are trying to reform and what approach have they adopted to reform it?
Whilst the book focuses primarily on economic issues, it also explores the political and social environment and concentrates on three broad areas of the Chinese economy: agriculture, industry and macroeconomic management. Within these broad areas the focus is on two major themes: competition and cooperation, and central authority and regional autonomy.
This book will be of special interest to senior undergraduate and postgraduate economics students, academics and China analysts.
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7 Gradualism in Chinas Economic Reform
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agriculture allocation capital cent Central Committee central government central planning centrally-planned centre chapter Chinese economy Chinese industry collective farm commodities communist competitive money creation consumption cooperative behaviour corporatization corruption cost decentralization economic reform equation equilibrium Figure fiscal former Soviet Union free market free rider problem grain growth households incentive income increase intermediate input investible surplus labour contribution Ma Jun macroeconomic Maoist marginal disutility market prices money supply monitoring non-state enterprises officials output Party peasants plan price political price scissors prisoner's dilemma procurement product tax production possibility frontier profit/tax delivery property rights protectionism provinces quota rate of inflation real absorption reduced reform period regional government rent-seeking responsibility system result revenues rolled steel rural sector share socialist Soviet Union strategy targets tax rate terms of trade township-village enterprises two-track price system urban value-added tax wage welfare gains workers World Bank
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