A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important.
As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the "School of Universal Principles," which ascribes China's successful reform to the workings of the free market, and the "School of Chinese Characteristics," which holds that China's reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers a third perspective, taking certain elements from each school of thought but emphasizing not why reform worked but how it did. Economics is a science, but economic reform is applied science and engineering. To a practitioner, it is more useful to find a feasible reform path than the theoretically best way.
The key to understanding how reform has worked in China, Qian argues, is to consider the way reform designs respond to initial historical conditions and contemporary constraints. Qian examines the role of "transitional institutions" -- not "best practice institutions" but "incentive-compatible institutions" -- in Chinese reform; the dual-track approach to market liberalization; the ownership of firms, viewed both theoretically and empirically; government decentralization, offering and testing hypotheses about its link to local economic development; and the specific historical conditions of China's regional-based central planning.
Автор: Roland, Gerard Название: Transition and Economics ISBN: 0262182033 ISBN-13(EAN): 9780262182034 Издательство: MIT Press Цена: 4152.00 р. Наличие на складе: Нет в наличии.
Описание: The transition to capitalism in former socialist economies is one of the main economic events of the last decade. Besides affecting approximately 1.65 billion
people, it is contributing to a shift in emphasis in economics from standard price and monetary theory to contracting and its institutional environment. Economic research in transition
shows not only that institutions matter but also how their evolution toward higher efficiency depends on initial conditions and on sustained political support.
Unlike early policy
literature on transition economics, which focused on the so-called Washington consensus, this book provides an overview of current research, analysing issues raised by transition for
which economic theorists and policy makers had no ready answers. It shows how research on transition contributes to our understanding of capitalism as an economic system and of
the dynamics of large-scale institutional change. No other book presents a comprehensive theory to explain the difference between private and public enterprises.
Although
focused on transition economics, the discussion is relevant to topics in political economics, development, public economics, corporate finance and micro- and macroeconomics.
Автор: Kornai Название: Welfare, Choice and Solidarity in Transition ISBN: 0521159377 ISBN-13(EAN): 9780521159371 Издательство: Cambridge Academ Рейтинг: Цена: 6019.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Reform of the welfare sector is an important yet difficult challenge for countries in transition from socialist central planning to market-oriented democracies. Here a scholar of the economics of socialism and a health economist offer health sector reform recommendations for ten countries of Eastern Europe, drawn from nine guiding principles.
Автор: Edward M. Graham; Nina Oding; Paul J.J. Welfens Название: Internationalization and Economic Policy Reforms in Transition Countries ISBN: 3642421474 ISBN-13(EAN): 9783642421471 Издательство: Springer Рейтинг: Цена: 18167.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: EU ac- cession countries which have joined the EU have benefited mainly from high capital inflows, a reduced risk premium - with shadow effects of this already occurring in the years before explicit membership - and growing trade.
Автор: Arnis Sauka; Alexander Chepurenko Название: Entrepreneurship in Transition Economies ISBN: 3319573411 ISBN-13(EAN): 9783319573410 Издательство: Springer Рейтинг: Цена: 22359.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book presents a state-of-the-art portrait of entrepreneurship in the transition economies of Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) as well as Georgia and Ukraine.
Автор: Gevorkyan Название: Transition Economies ISBN: 1138831131 ISBN-13(EAN): 9781138831131 Издательство: Taylor&Francis Рейтинг: Цена: 6583.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world.
Описание: Essays on the design of financial systems for countries in transition to a market-based economy.
Автор: Morita Ken Название: Emerging Capital Markets And Transition In Contemporary China ISBN: 981314789X ISBN-13(EAN): 9789813147898 Издательство: World Scientific Publishing Рейтинг: Цена: 16790.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
This book provides the analysis on capital markets in China, focusing attention upon (1) the bubble phenomena (whether or not a Chinese bubble really exists and might burst), (2) foreign direct investment and (3) integration, through all of which we could recognize the current situation and the future prospects of Chinese marketization. As regards to the bubble phenomena, particularly 'early warning indicator' of the bubble, this book attempts to utilize the Grubbs-Smirnov Test to discover the 'abnormal value' in several asset markets. Investigations of this book suggest that the distinctive features of the Chinese market have been significantly different from the markets of capitalist countries such as the United States and Japan. As far as Japan's foreign direct investments in China are concerned, this book tries to reveal the Chinese characteristics on FDI phenomena with FDI-trade ratio. The analysis of this book suggests that Chinese FDI from Japan has undoubtedly revealed the distortions caused by non-economic factors, which also mean that the distinctive features of the Chinese market have been different from the markets of the United States and Japan etc. Regarding integration, this book provides the analysis on the 'G2' system between the United States and China (cooperation or conflict between them). The considerations of this book conclude that it might be difficult to have good cooperation between them because of significant differences between the Chinese system and the US system.
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