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The Chinese economy in transition : micro changes and macro implications

Author: Kang Chʻen
Publisher: Singapore : Singapore University Press, National University of Singapore, ©1995.
Edition/Format:   Print book : National government publication : EnglishView all editions and formats
Summary:
Will China be able to preserve the momentum of its economic reform in the post Deng Xiaoping era? Will her rising regionalism lead to internal chaos and warlordism? Is China's central government capable of acquiring the much needed policy instruments to maintain macroeconomic stability? This book seeks to answer these questions by adopting the Public Choice approach to analyse the complex ways in which China's  Read more...
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Details

Material Type: Government publication, National government publication
Document Type: Book
All Authors / Contributors: Kang Chʻen
ISBN: 9971691779 9789971691776
OCLC Number: 1069325495
Notes: Revision of the author's thesis (Ph. D.--University of Maryland).
Description: xi, 159 pages ; 21 cm
Responsibility: Kang Chen.

Abstract:

Will China be able to preserve the momentum of its economic reform in the post Deng Xiaoping era? Will her rising regionalism lead to internal chaos and warlordism? Is China's central government capable of acquiring the much needed policy instruments to maintain macroeconomic stability? This book seeks to answer these questions by adopting the Public Choice approach to analyse the complex ways in which China's political processes affect economic outcomes during its transition towards the market. The author describes how macro-level policy initiatives affect the behaviour of micro-level actors such as households, enterprises, and localities, and how micro-level behaviour changes in large numbers become unorganised yet powerful collective actions, which in turn send strong signals to macro-level policy makers and thus change the state's policy orientations and result in new state-society relationships. The author argues that new incentives are thereby created and new interest groups are generated to sustain those changes and demand further reform, thus making the market transition an irreversible process.

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