The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

From Mao to Market

Rent Seeking, Local Protectionism, and Marketization in China

From Mao to Market by Andrew H. Wedeman
Buy this eBook
US$ 29.00 US$ 25.99
(If any tax is payable it will be calculated and shown at checkout.)
Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.
Cambridge University Press; July 2003
294 pages; ISBN 9780511057779
Read online, or download in secure PDF format
Title: From Mao to Market
Author: Andrew H. Wedeman
 
ISBNs
0511057776
9780511057779
9780521809603