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Sources of Chinese economic growth, 1978-1996

Author: Chris Bramall
Publisher: Oxford [England] ; New York [NY, USA] : Oxford University Press, 2000.
Series: Studies on contemporary China (Oxford, England)
Edition/Format:   Book : EnglishView all editions and formats
Summary:
"This analysis of the political economy of growth in China during the transition era takes issue with the growth-accounting methodologies and market-centred explanations which constitute the conventional wisdom. By analysing the experience of four very different Chinese regions, the book shows that these external sources of growth were much less important than the conventional wisdom allows." "Nevertheless, even this  Read more...
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Details

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Chris Bramall
ISBN: 0198296975 9780198296973
OCLC Number: 43951740
Description: 558 p. ; 24 cm.
Contents: Pt. I. Chinese Economic Growth in Outline --
1. Introduction: The Dengist Restoration --
2. The Process of Economic Growth --
3. The Sectoral Contributions of Industry and Agriculture --
4. Theories of Growth --
Pt. II. The Role of Initial Conditions --
5. The Maoist Legacy and the Literature --
6. Social Capability and the Capital Stock at the End of the Maoist Era --
7. The Role of Surplus Labour --
8. The Rates of Saving and Investment --
Pt. III. Other Proximate Sources of Growth --
9. Capital Accumulation after 1978 --
10. The Growth of Productivity --
11. Differences in Prefectural Growth Rates --
Pt. IV. The Growth-Promoting State and Its Origins --
12. The Master Discourse and the State --
13. Aggregate Demand and Relative Prices --
14. The Chinese State and Agriculture --
15. The Open Door --
16. The State, Industry, and Infrastructure --
17. Origins of the Growth-Promoting State --
18. Conclusion.
Series Title: Studies on contemporary China (Oxford, England)
Responsibility: Chris Bramall.
More information:

Abstract:

"This analysis of the political economy of growth in China during the transition era takes issue with the growth-accounting methodologies and market-centred explanations which constitute the conventional wisdom. By analysing the experience of four very different Chinese regions, the book shows that these external sources of growth were much less important than the conventional wisdom allows." "Nevertheless, even this 'developmental state' approach is inadequate, because it fails to explain why industrial policy has been so much more successful in China than in other countries. The answer offered in this book is that state autonomy was the key." "The policy implications are stark. The Chinese experience demonstrates that industrial policy and state spending on physical and social infrastructure can produce rich rewards. But attempts to replicate China's success in Latin America, sub-Saharan Africa, and South Asia will fail because their governments are too weak to resist rent-seeking by classes and interest groups. Moreover, as the state becomes weaker in the wake of the re-emergence of a powerful capitalist class, even Chinese growth may prove unsustainable."--BOOK JACKET.

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