China's Transition to a Socialist Market Economy

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Mohamed Osman Suliman
Greenwood Publishing Group, 1998 - Business & Economics - 206 pages
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Exploring China's transition to a socialist market economy, this book finds that the recent Chinese experience is unique and unprecedented. It seems plausible that the distinctive characteristics of China's market reform have been a result of correcting the big bang approach of Eastern European countries and unique conditions that China possesses. For instance, China is endowed with a relatively high level of skilled labor and a large workforce. Moreover, China has been experimenting with reform and profit-sharing for a number of years, especially in the coastal provinces.

This book juxtaposes native Chinese experiences with those of academics in the U.S. It integrates the ideas of those living the experience in China with the perceptions of outside observers who might be able to offer constructive criticism. The book covers various topics, such as macroeconomic policy, reform within economic sectors, and strategies for sustainable development, while making sure that the reader will not find it difficult to follow the process of reform and the main impediments that China may face.


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About the Contributors

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Page 196 - By a more extensive navigation, the Chinese would naturally learn the art of using and constructing themselves all the different machines made use of in other countries, as well as the other improvements of art and industry which are practised in all the different parts of the world.

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About the author (1998)

OSMAN SULIMAN is Professor of Economics and Chair of the Economics Department, Millersville University, Pennsylvania. With degrees in economics and statistics and research interests in international finance, development, trade issues, and transition economies, he is coeditor of Global Commodity Price Stabilization (Quorum, 1995).

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