Dismantling a dysfunctional system and replacing it with a effective new one involving 1.2 billion people is a daunting task. China's socialist government began the task 20 years ago, combining tight political controls with liberalizing economic measures. Structural rigidities and functional inefficiencies of the past have yielded to more flexible and dynamic entrepreneurial initiatives of the present. China is on the threshold of developmental success.
Preface
China Under Mao
Pre Reform Economy
Reform: A Macro Overview
Agricultural Reform
Price Reform
Foreign Investment Reform
Foreign Trade Reform: Redesigning the Engine of Growth
Enterprise Reform
Fiscal and Monetary Reform
An Afterword: Entering the 21st Century
References
Index
RAPHAEL SHEN is Professor of Economics at the University of Detroit./e He is the author of numerous books on economies in transition. His latest publications include Ukraine's Economic Reform (Praeger, 1996) and The Restructuring of Romania's Economy (Praeger, 1997).
?Shen provides an excellent, broad overview, identifying areas
where reforms has been successful, where reforms have lagged, and
where significant change remains to be undertaken. He also provides
broad policy presciptions for future reforms....to understand how
China's economic reforms have their current state, this is a
valuabe work.?-Choice
"Shen provides an excellent, broad overview, identifying areas
where reforms has been successful, where reforms have lagged, and
where significant change remains to be undertaken. He also provides
broad policy presciptions for future reforms....to understand how
China's economic reforms have their current state, this is a
valuabe work."-Choice
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