Growth without Miracles : Readings on the Chinese Economy in the Era of Reform

Growth without Miracles : Readings on the Chinese Economy in the Era of Reform

Details

Author(s)
Ross Garnaut, Yiping Huang
Format
Paperback | 528 pages
Dimensions
171 x 248 x 27mm | 866g
Publication date
24 May 2001
Publisher
Oxford University Press
Publication City/Country
Oxford, United Kingdom
Language
English
Illustrations note
numerous tables
ISBN10
0199240590
ISBN13
9780199240593

Description

China's economic reform constitutes one of the most remarkable events of the second half of the twentieth century. It not only significantly improved the living conditions of the Chinese population but also provides a useful model of economic transition from central planning to a market economy. The gradual approach to reform adopted by the Chinese was widely regarded as suboptimal and likely to fail when compared to the shock therapy method applied in the former
Soviet Union and the Eastern European economies. But China has out-performed other transitional economies.

To many observers the Chinese experience is either a myth or a miracle. This volume addresses key questions about the initial economic foundations, the reform of macroeconomic policies and macroeconomic stability, the achievements of agricultural reform and the agricultural policy choices facing the Chinese government, the unique characteristics of the township and village enterprises, the successful reform of the state-owned enterprises, the development of factor markets, the contributions of
the external sectors to economic growth, the lessons of the Chinese experience for transitional economies, and the challenges for economic threory.

Growth without Miracles brings together thirty widely cited articles by prominent economists in the field of China studies to offer authoritative and through assessment and analyses of Chinas experience during the reform period. It provides a complete story for teachers and students of courses on the Chinese economy and will be of considerable interest to researchers, officials, and business people who want to understand past experiences, current problems, and the future direction of
the Chinese economy.


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