China's Economic Reform
An Experiment in Pragmatic Socialism
Raphael Shen
0-275-96328-4/978-0-275-96328-6
Description
Both Mao Zedong and Deng Xiaoping drastically altered the course of contemporary China's economic development using opposing strategies. Mao froze China's economic system in a perennial state of consumer goods shortages and pervasive macro disequilibria. Deng, however, began thawing a rigidly structured system by introducing experimental reform measures. Mao's revolutionary rhetoric brought China's economy to the brink of bankruptcy. Deng's ideological pragmatism netted China glowing successes. Mao closed China to the outside world. Deng engineered China's reintegration into the world economy.Dismantling a dysfunctional system and replacing it with a dynamic new one involving 1.2 billion people is risk-laden. Reform in China began in 1978. It was tentative and experimental, confining reform to organizational and administrative decentralization on farms. Successes on farms ushered in reform elsewhere in the economy. Over time, market-based coordinating mechanisms progressively began replacing the system's control devices. Results from decentralization internally reinforced those from liberalization externally. This consequently transformed China's stale, distorted system into a more competitive, bustling new one ready for developmental takeoff. Its meteoric rise among the world's leading markets in recent years has thrust China's economy to the forefront of growth and development. Controlled, phased reform is yielding dividends, not only for its own consumers but for international economic cooperation and growth as well.
About the Author
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).
Name:
Organisation:
Address:
Postcode:
Country:
Tel:
Email:
Signature:
Date:
Cheque enclosed £ _________________________
(make cheques payable to Harcourt Education)
Charge credit card:
VISA
Mastercard
American Express
Switch Issue Number _________________________
Card Number:
Expiry Date:
ISBN
Title
£ Price
Qty
£ Total
0-275-96328-4
978-0-275-96328-6
China's Economic Reform
£79.95
Postage: Free to the UK trade. UK £3. Europe* £6. ROW* £10.
*Overseas by airmail, please request quotation for alternative such as courier.
Postage and Packing
Total
Post to:
Marston Book Services Ltd
160 Milton Park, Abingdon OX14 4SD, UK
Tel: +44 (0)1235 465500
Fax: +44 (0)1235 465555
E-mail:
enquiries@marston.co.uk